1. K2 Enterprises is a mid-cap firm with a debt-to-equity ratio of 1. The return on the market is 14.0%, the risk- free rate is 6.0% and K2's WACC is 10.0%. Further assume that K2's debt is risk-free and there are no taxes (perfect capital markets). 1. What is the return on K2's levered equity? (write to one decimal place, without % sign, 12.1% should be entered as 12.1) 2. What is K2's levered beta? (write to one decimal place) 3. What is the required return on unlevered equity? (write to one decimal place, without % sign, 12.1% should be entered as 12.1) 4. What is the unlevered beta? (write to one decimal place)