Answer questions 24 and 25 based upon the following information: The ABC Company has two divisions, oil and retailing. Noble Oil Company has the same type of assets as ABC's oil division. The Noble Oi Company's equity beta is 1.3. The value of the company's debt is $1 billion and the value of the company's equity is $4 billion. The company's effective tax rate is 35%. Bulls Eye Retailing has the same type of assets as ABC's retail division. Bulls Eye Retailing's equity beta is 2.1. The value of the company's debt is $2 billion and the value of the company equity is $1 billion. The company's effective tax rate is 35%. Q 24. The asset beta for ABC's oil division is closest to a. 0.9 Q 25. The asset beta for ABC's retail division is closest to a. 0.7 b. 0.9