Consider the following information regarding corporate bonds: AAA A BBB BB B Rating 0.0% 0.1% 0.2% 0.5% 2.2% 5.5% Average Default Rate 12.2% 0.0% 1.0% 3.0% 3.0% 8.0% Recession Default Rate 16.0% 48.0% 0.05 0.05 0.05 0.10 0.17 Average Beta 0.26 0.31 Total Enterprise Value ($mm) Company Equity Beta Market Capitalization ($mm) Debt Rating $4500 $8000 Transcontinental 1.1 BBB $3800 $7200 Rearden Metal 1.3 AAA $2400 $3800 Wyatt Oil 0.9 A $1500 $4400 Nielson Motors 1.75 BB The asset beta for Rearden Metal is