Find the bottom-up beta of a private company with debt-to-equity ratio of 25% and tax rate of 40% using the information in the table below. Tax rate is 40% for all the firms in the table.

Firm	Levered Beta	Debt	MV Equity
Black & Decker	1.8	3,400	4,000
Fedders	1.3	25	250
Maytag	1.5	1500	2,250
National	0.85	350	600
Whirlpool	1.1	1,560	4,000

Select one:

a. Beta = 1.3265

b. Beta = 0.9894

c. Beta = 1.15