3. The Topp Shop has no debt, a total equity capitalization of 700 million, and an equity beta of 1.5. Topp Shop has also 70 million in cash and risk-free securities. Assume the market risk premium is 6%. Topp Shop's asset beta (i.e. the beta of its operating assets) is closest to A) 1.1 B) C) 1.7 D) 1.3 1.4