You have to look for SNA competitors by searching the web using any finance website (in this case a total of 5 U.S. and/or foreign companies). Now, use the finance website (you can use finance.yahoo.com), and find the beta for each company, and then calculate the average beta here (industry beta), then use the CAPM again, to calculate Re but in this case, you have to use the industry beta as opposed to using SNA beta. Does it matter if you use the beta for SNA or the beta for the industry in this case?

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