General Systems, a computer manufacturer, announces that it will be acquiring$$FastWorks Software. You know the following:$-$General Systems had a beta of $1\mathrm{.}3$ before the merger. The firm has a market value of$$equity of $$15$ billion and $$4$ billion in debt outstanding.$-$FastWorks Software had a beta of $1\mathrm{.}5$ before the merger. The firm has a market value$$of equity of $$6$ billion and $$2$ billion in debt outstanding.Both firms have a $40\%$ tax rate.$$Estimate the business risk $($unlevered beta$)$ for$$General Systems before acquisition.Answer for part $1$Estimate the business risk $($unlevered beta$)$ for$$FastWorks Software before acquisition.Answer for part $2$Estimate the business risk $($unlevered beta$)$ for the combined firm $($after the acquisition$).$Answer for part $3$If$$General Systems acquired FastWorks Software by issuing $40\%$ debt and $60\%$ equity capital. Estimate the levered beta for the combined firm.Answer for part $4$