14. Chiquita foods has a capital structure of 30% debt and 70% equity, its tax rate 35%, and its beta (leveraged) is 1.25. Based on the Hamada equation, what would the firm's beta be if it used no debt, i.e., what is its unlevered beta?

a. 1.03

b. 0.98

c. 0.92

d. 0.87