Bill Gates Corporation is a holding company with four main subsidiaries. The percentage of its business coming from each of the subsidiaries, and their respective betas, are as follows: If you are show your I give parte SUBSIDIARY BETA PERCENTAGE OF BUSINESS (a) PERCENTAGE OF BUSINESS (e) Software Hardware Outerwear Underwear 1.5 1.2 0.9 0.5 40% 30% 10% 20% Beta estimate = New Beta = a. What is the holding company's beta? Beta estimate = 0 b. Assume that the risk-free rate is 5 percent and the market risk premium is 8.0 percent. What is the Software subsidiary company's required rate of return? Required return = c. What would the Software subsidiary company's required rate of return be if inflation expectations increased by 3%? Required return =