Assume that Euroa Services' value of equity is $650 million, and the firm's equity beta is 2.4. Further, assume that Euroa has five-year zero-coupon debt with a face value of $80 million and the debt currently trades for $70 million. Euroa pays no dividends and reinvests all of its earnings. The five-year risk-free rate of interest is currently 2.63% and the volatility of the firm's assets is 40%. The unlevered beta of Euroa is closest to: 0.38 0.97 1.26 2.17 None of the above