A firm has a capital structure that consists of $$350,000$ debt and $$750,000$ of equity, and its tax rate is $25\%.$ Its current beta is $1\mathrm{.}05$ What would its beta be if it used no debt at all?

Select one:

a$.0\mathrm{.}778$

b$.1\mathrm{.}124$

c$.0\mathrm{.}716$

d$.0\mathrm{.}840$

e$.1\mathrm{.}000$