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Click here to read the eBook: Determining the Optimal Capital Structure UNLEVERED BETA Hartman Motors has $9 million in assets, which were financed with $3.6

Click here to read the eBook: Determining the Optimal Capital Structure

UNLEVERED BETA

Hartman Motors has $9 million in assets, which were financed with $3.6 million of debt and $5.4 million in equity. Hartman's beta is currently 1.15, and its tax rate is 40%. Use the Hamada equation to find Hartman's unlevered beta, bU. Do not round intermediate calculations. Round your answer to two decimal places.

bU =

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