Consider the following information regarding corporate bonds: Rating AAA AA A BBB BB B CCC Average Default Rate 0.0% 0.1% 0.2% 0.45% 2.2% 5.5% 12.2% Recession Default Rate 0.0% 1.0% 3.0% 3.0% 8.0% 16.0% 48.0% Average Beta 0.05 0.05 0.05 0.10 0.17 0.26 0.31 Equity Beta Debt Rating Market Total Company Capitalization Enterprise ($mm) Value ($mm) Taggart 4500 8000 Transcontinentall Rearden Metal 3800 7200 Wyatt Oill 2400 3800 Nielson Motors 1500 4400 1.1 BBB 1.3 AAA 0.9 . 1.75 BB Your estimate of the debt beta for Taggart Transcontinental would be: 0.17. Answer 0.10. 1.00. 0.05