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In mid-2013, Crisco Systems had a market capitalization of $150 billion. It had A-rated debt of $60 billion as well as cash and short-term investments

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In mid-2013, Crisco Systems had a market capitalization of $150 billion. It had A-rated debt of $60 billion as well as cash and short-term investments of $20 billion, and its estimated equity beta at the time was 1.52. a. What is Crisco's enterprise value? [15 points] Assuming Cisco's debt has a beta of 0.19, estimate the beta of Crisco's underlying business enterprise. 15 points] b

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