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EnerNOC (a large player in the market for electricity demand response) has an asset beta (i.e. an unlevered beta) of 1.5 and a debt to

EnerNOC (a large player in the market for electricity demand response) has an asset beta (i.e. an unlevered beta) of 1.5 and a debt to equity ratio of 1.4. Calculate the equity beta (i.e. the levered beta) for EnerNOC. Assume that debt has a beta of zero.

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