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A firm's equity Beta is 1.17, D/E ratio is .40, and tax rate is 30%. If the firm restructures to a D/E ratio of 0.62

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A firm's equity Beta is 1.17, D/E ratio is .40, and tax rate is 30%. If the firm restructures to a D/E ratio of 0.62 and maintains the same (dollar) level of debt thereafter, what is the new equity Beta? Do NOT round intermediate work. Round your final answer to 2 decimal places (ex: if your answer is 1.23456, enter 1.23). Margin of error for correct responses: +/-.05. Question 6 5 pts A company currently has no debt. Its cost of equity is 7.7% and its tax rate is 30%. It is considering restructuring to and maintaining a D/E ratio of 0.28. The firm's cost of debt, Rp, is estimated at 4.9% in that case. The cost of equity, Rg, under the new capital structure is __%. Do NOT round intermediate work. Round your final answer to 2 decimal places (ex: if your answer is.123456 or 12.3456%, enter 12.35). Margin of error for correct responses: +/-.05

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