In mid-2015, Cisco Systems had a market capitalization of $135 billion. It had A-rated debt of $27 billion as well as cash and short-term investments of $57 billion, and its estimated equity beta at the time was 1.34. 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 enter your response here.

(Round to two decimal places.)