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Afirm's equity Beta is 1.21, D/E ratio is .40, and tax rate is 30%. If the firm restructures to a D/E ratio of 0.64 and

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Afirm's equity Beta is 1.21, D/E ratio is .40, and tax rate is 30%. If the firm restructures to a D/E ratio of 0.64 and maintains the same (dollar) level of debt thereafter, what is the new equity Beta? Rounding and Formatting instructions: Do not enter dollar signs. percent signs, or commas in your response. Do not round any intermediate work, but round your final response to 2 decimal places (example: if your answer is 12.3456, you should enter 12.35)

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