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In mid - 2 0 1 5 , Cisco Systems had a market capitalization of $ 1 3 9 billion. It had A - rated

In mid-2015, Cisco Systems had a market capitalization of $139 billion. It had A-rated debt of $21 billion as well as cash and short-term investments of $6 its estimated equity beta at the time was 1.32.
a. What is Cisco's enterprise value?
b. Assuming Cisco's debt has a beta of zero, estimate the beta of Cisco's underlying business enterprise.
a. What is Cisco's enterprise value?
Cisco's enterprise value is $95 billion. (Round to the nearest integer.)
b. Assuming Cisco's debt has a beta of zero, estimate the beta of Cisco's underlying business enterprise.
The beta of Cisco's underlying business enterprise is
(Round to two decimal places.)
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