$3-$You are going to value Lauryn's Doll Co$.$ using the FCF model. After consulting various sources, you find that Lauryn's has a reported equity beta of $1\mathrm{.}4,$ a debt$-$to$-$equity ratio of $0\mathrm{.}3,$ and a tax rate of $30$ percent. Based on this information, what is the asset beta for Lauryn's?

$4.$ Free Cash Flow Model

Using your answer to Problem $3,$ calculate the appropriate discount rate assuming a risk$-$free rate of $4$ percent and a market risk premium of $7$ percent.