22. Use the following information to answer the next four questions: A U.S. based MNC uses $84 million in debt to finance its total capital needs of $240 million. The company's marguinal tax rate is 30%. It has the following set of information for its global operations: Debt in the form of 6-year, 9% (semiannual) bonds with a face value of $1,000 selling for $913.81. Standard deviation of the company's return = 28% p.a. Correlation coefficient of return with the global stock market = 0.54 Expected return on the global stock market = 18% p.a. Standard deviation of the global stock market = 24% p.a. The applicable risk-free rate= 5% p.a. Fundamental and Powerful Concept 10: Calculate the beta of the MNC's equity. a. 0.857 b. 0.793 c. 1.058 d, 0.630 e. 1.167