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Given the information below on peer companies A-D, calculate the beta for company E if it has net debt/equity of 0.65 and a tax rate

Given the information below on peer companies A-D, calculate the beta for company E if it has net debt/equity of 0.65 and a tax rate of 35%.

Company Beta Net debt / equity tax rate
A 1.25 1.15 35%
B 1.45 1.48 35%
C 1.32 1.23 35%
D 1.08 0.95 35%

Group of answer choices

0.97

1.03

1.05

1.02

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