ABC Company currently has a capital structure consisting of 41% debt and the remaining as equity, a levered beta of 1.65, and its tax rate is 40%. The company is considering to adopt a new capital structure of 34% debt and the remaining as equity. What would the companys new levered beta be under the new capital structure? Round your answer to two decimal places. (Hint: Use the Hamada equation.)

Group of answer choices

1.54

1.52

1.50

1.57

1.48