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C ' s Company currently has a capital structure consisting of 4 5 % debt and the remaining as equity, a levered beta of 1

C 's Company currently has a capital structure consisting of 45% debt and the remaining as equity, a levered beta of 1.53, and its tax rate is 40%. The company is considering to adopt a new capital structure of 27% debt and the remaining as equity. What would the companys new levered beta be under the new capital structure? Round your answer to two decimal places. (Hint: Use the Hamada equation.)
Group of answer choices
1.25
1.18
1.22
1.32
1.29

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