Alfren Inc is a company that operates a chain of restaurants and also produces frozen meals to be sold in supermarkets. The following table summarizes the revenues that the company generates from each business and the relevant statistics from peer firms in each business. Alfren Inc has debt outstanding of $100 million at the end of the most recent fiscal year. Assume tax rate of 40%. a) Estimate the levered beta for Alfren Inc today. (5 marks) b) Suppose the CEO of Alfren Inc is planning to do a leveraged buyout (LBO) of the firm. He intends to borrow $260 million and raise private equity to buy out the publicly traded stock in the firm. However, he plans to sell off the frozen meal business (at fair value) and retire some of the existing debt after the LBO, with the proceeds from the sale. Estimate the levered beta of the firm after these transactions. Alfren Inc is a company that operates a chain of restaurants and also produces frozen meals to be sold in supermarkets. The following table summarizes the revenues that the company generates from each business and the relevant statistics from peer firms in each business. Alfren Inc has debt outstanding of $100 million at the end of the most recent fiscal year. Assume tax rate of 40%. a) Estimate the levered beta for Alfren Inc today. (5 marks) b) Suppose the CEO of Alfren Inc is planning to do a leveraged buyout (LBO) of the firm. He intends to borrow $260 million and raise private equity to buy out the publicly traded stock in the firm. However, he plans to sell off the frozen meal business (at fair value) and retire some of the existing debt after the LBO, with the proceeds from the sale. Estimate the levered beta of the firm after these transactions