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Cyrus Inc. is a company that operates in the entertainment software business and you are trying to estimate a beta for being just in the

Cyrus Inc. is a company that operates in the entertainment software business and you are trying to estimate a beta for being just in the entertainment software business using the pure-play method. The average regression beta across 49 entertainment software companies is 1.35, the average debt to equity ratio for these firms is 0.34. What is beta for the business risk (i.e., the unlevered beta)?(Assuming a 40% marginal tax rate for all firms and debt beta =0.)(Round your answer to 2 decimal places)

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