Consider the following information based on firms that are in a single line of business:

Calculate the asset beta for each firm, assuming a marginal tax rate of 34%.

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Company Name Equity Beta Debt in Millions Equity in Millions A 1.6 $320 $461 B 0.8 $365 $5,186 C 1.3 $1,447 $3,811 0.7 $2,332 $1,456 E 1.1 $334 $314