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In mid-2015, Cisco Systems had a market capitalization of $121 billion. It had A-rated debt of $22 billion as well as cash and short-term investments

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In mid-2015, Cisco Systems had a market capitalization of $121 billion. It had A-rated debt of $22 billion as well as cash and short-term investments of $65 billion, and its estimated equity beta at the time was 1.15. 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 $ 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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