Assume that a firm has a debt/equity ratio of 0.60, a tax rate of 40.0 percent, a beta of 1.10, and, given a risk-free rate of 6.0 percent and a return on the market of 16 percent, a required rate of return of 17.0 percent. As you can calculate, 6.0% / 17.0% = 35.29% of the investors' required rate of return comes from the risk-free rate (compensates the investor for the time value of money). As we discussed in class, the investor is also compensated for business risk and financial risk. Given this information, and using the concept of unlevered betas, determine what percentage of the investors' total required rate of return is compensation for business risk. 53.45% 59.32% O 56.39% 50.52% 47.58%