33. You are evaluating the cost of capital for a women's fashion and clothing company, Oxymode Inc. The company's market capitalization is $64 million, and it has $20 million in long- term debt but is planning a recapitalization to achieve a target debt-to-equity ratio of 1.2. The company currently has an equity beta of 1.35 and a corporate tax rate of 35%. What would be the equity beta of Oxymode under the target capital structure? (Hint: first calculate the asset or unlevered beta of the company.) Page 10 of 21