i'm reading the book, beyond graham and dodd, I have a question about Earnings Power Value EPV = Adjusted Earnings * (1/R) where R is the cost of capital. how do you calculate R ? do i just use the risk-free rate and add 1 or 2 points to it? it talked about Weighted Average of Cost of Capital, but not certain how you go about determining this company. Also, when market cap / adjusted book value ratio is near 1 or 2, would this indicate a buying opportunity ? thank you! also, the book has an Intel example, where they are choosing to add 25% of Depreciation & Amortization, R&D, SG&A, i'm wondering when would you know to add all 100% of the items above, and when you should add a portion of it, when adjusting the book values. would you add a portion of the items mentioned, when you find that the company's EPV is bigger than book value ??? note: i'm thinking that this forum is more geared towards trading, if someone could recommend a good community for value investing, i would appreciate it! thanks!