As of September 2012, Google (GOOG) had no debt. Suppose the firm's managers are considering issuing zero-coupon debt due in 16 months with a face value of $162.1 billion, and using the proceeds to pay a special dividend. Google currently has a market value of $231.9 billion and the risk-free rate is 0.28%. Using an implied volatility o = 38.60%, answer the following: a. If Google's current equity beta is 1.24, estimate Google's equity beta after the debt is issued. b. Estimate the beta of the new debt. (Note: Make sure to round all intermediate calculations to at least five decimal places.) a. If Google's current equity beta is 1.24, estimate Google's equity beta after the debt is issued. Google's equity beta after the debt is issued is (Round to two decimal places.) . b. Estimate the beta of the new debt. The beta of the new debt is 1. (Round to two decimal places.)