Consider the following information regarding corporate bonds: Rating AAA AA | A BBB BBB CCC Average Default Rate 0.0% 0.196 0.296 0.4596 2.296 5.596 12.296 Recession Default Rate 0.0% 1.096 3.096 3.096 8.096 16.0% 48.096 Average Betal 0.05 0.05 0.05 0.10 0.17 0.26 0.31 Market Total Equity Debt Company Capitalization Enterprise Beta ($mm) Value ($mm) Rating Taggart Transcontinental 4500 8000 1.1 BBB Rearden Metal 3800 7200 1.3 AAA Wyatt Oil 2400 3800 0.9 A Nielson Motors 1500 4400 1.75 BB Your estimate of the asset beta for Rearden Metal is closest to: 0.42. 0.59. 0.66. 0.71