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ABC, Inc. has $20 million in debt outstanding at a cost of 8%. It also has 2 million shares outstanding with stock price is $15

ABC, Inc. has $20 million in debt outstanding at a cost of 8%. It also has 2 million shares outstanding with stock price is $15 per share. Its dividend payout ratio is 100%. The firms total (federal-plus-state) tax rate is 40%. ABC has a beta of 1.0. The market risk premium is 4%, and the risk-free rate is 6%. What is ABCs unlevered beta? Use market value debt-to-equity ratio when unlevering. Group of answer choices 0.714 0.870 0.833 0.769

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