There's a simpler way in most cases (not telephoto lenses but normal ones, telephoto almost always have a T in their designation and are usually huge, so don't worry about mixing them up, you won't).
At infinity focus, your bellows distance should roughly equal your focal length.
So, 135mm lens should have 135mm bellows extension at infinity (focused on a far away mountain
Every time you double the bellows, you add two stops of light loss, SO
Assume you are shooting the 135mm and your meter says 1/60th if a second, then you're focussing close so your bellows are at 270mm, your exposure would be 1/15th of a second. That's double = 2 stops.
Get it? So say your bellows are at 200mm that's about half MORE bellows than infinity, so that would be 1 stop, so 1/30th of a second.
It's much easier to think about it that way (think) than making crazy equations, but I'm not a math guy, some people find my way crazy, it's really very individual, everyone has their own method that works easiest for them.
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