Globex Corp. currently has a capital structure consisting of 40% debt and 60% equity. However, Globex Corp.s CFO has suggested that the firm increase its debt ratio to 50%. The current risk-free rate is 3%, the market risk premium is 8%, and Globex Corp.s beta is 1.15. If the firms tax rate is 25%, what will be the beta of an all-equity firm if its operations were exactly the same? 0.89 Now consider the case of another