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Hartman Motors has $10 million in assets, which were financed with $6 million of debt and $4 million in equity. Hartman's beta is currently 1.9,
Hartman Motors has $10 million in assets, which were financed with $6 million of debt and $4 million in equity. Hartman's beta is currently 1.9, and its tax rate is 30%. Use the Hamada equation to find Hartman's unlevered beta, bU. Do not round intermediate calculations. Round your answer to two decimal places.
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