5. You have just run a regression of monthly returns on MAD, a newspaper and magazine publisher, against returns on the S&P 500, and arrived at the following result. Intercept:-0.005%; Slope: 1.370; R-70.0%. The current Treasure bill rate is 5.5% percent and the current Treasure bond rate is 6.5% percent. The risk-free rate during the period of the regression was 6.000 percent. You now realize that MAD went through a major restructuring at the end of last month (which was the last month of your regression), and made the following changes. The firm sold off its magazine division, which had an unlevered beta of 0.67, for It borrowed an additional 18 million, and bought back stock worth 58 million. 40 million. After the sale of the division and the share repurchase, MAD had 36 million in debt and 146 million in equity outstanding. If the firm's tax rate is 40.00% percent, re-estimate the beta after these changes