Next year's expected operating cash flow of a Norwegian-owned subsidiary in France is NOK 200 million. The exposure-elasticity of the operating cash flow is 2.00. The exchange rate is NOK 8.00/EUR and the subsidiary's cost of capital is 10%.
The subsidiary is 50% debt-financed. The debt, as well as the equity, is denominated in the parent company's currency (NOK).
What is the elasticity exposure coefficient of equity? Please state your answer rounded to two decimal points (e.g. 2.00).