Exhibit 12.1.Dimensions of the Cost and Availability of Capital Strategy Local Market Access Global Market Access Firm-Specific Characteristics Firm's securities appeal Firm's securities appeal to only to domestic investors international portfolio investors Market Liquidity for Firm's Securities Illiquid domestic securities market Highly liquid domestic market and and limited international liquidity broad international participation Effect of Market Segmentation on Firm's Securities and Cost of Capital Segmented domestic securities Access to global securities market market that prices shares that prices shares according to according to domestic standards international standardsExhibit 12.1 Dimensions of the Cost and Availability of Capital Strategy