1. Sisyphean Bolder Movers Incorporated has $10 billion debt, a total equity capitalization of $50 billion, and a beta of 2.0. Included in Sisyphean's assets are $2 billion in cash and risk-free securities. Using the formula you derived for the relationship between unlevered and levered beta calculate Sisyphean's unlevered beta (assets beta) considering the fact that Sisyphean's debt is risk-free. (Hint: in your formula use Net Debt = Debt - Cash)