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Armada Logistics is currently 100% equity financed and has a beta of 1.29. Armada is considering a leverage recapitalization so that the new firm

Armada Logistics is currently 100% equity financed and has a beta of 1.29. Armada is considering a leverage recapitalization so that the new firm would be 75% equity and 25% debt. What would Armada's equity beta be after the leverage recapitalization? Armada's equity beta after the leverage recapitalization would be closest to: A. 1.61 B. 1.67 C. 1.72 D. 1.29

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