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Katy's Kitten Emporium ( KKE ) is a thriving pet store business. You would like to understand the market risk of the KKE and are

Katy's Kitten Emporium (KKE) is a thriving pet store business. You would like to understand the market risk of the KKE and are looking to find its Beta of the Assets. KKE's Beta of Equity is 2.0, the beta of debt is 0.3, and the tax rate is 28%. If KKE is financed 50% by equity and the rest by financed by debt, what is the Beta of Assets?

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