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Lever and unlever beta - Ionian Importers currently has an equity beta of 1.4. They are currently financed using 50% debt and 50% equity. They

Lever and unlever beta - Ionian Importers currently has an equity beta of 1.4. They are currently financed using 50% debt and 50% equity. They are considering taking on more debt and moving to a new financing strategy involving 75% debt and 25% equity. All income is taxed at a 30% rate. How would lonian's beta be impacted by taking on this new debt? Specifically, what would be the new beta after the change in capital structure? (ROUND YOUR ANSWER TO 4 DECIMAL PLACES)

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