AIPEC Enterprises operates in two businesses: it gets $100 million in revenues from food processing and $50 million in revenues from chemicals. You have the following information on the two businesses: Unlevered Beta FIRM VALUE/Sales Food 1.70 1.53 Chemicals 1.20 1.4 If AIPEC Enterprises has a debt to equity ratio of 66.67%, estimate the levered beta for AIPEC. (Marginal tax rate is 40%) Select one: a. 1.33 b. 2.16 c. 1.35 d. 1.20 e. 1.40 f. 1.11