Netflix is a media and entertainment company that is in three busines-cable with an estimated value of $ 10 billion, television networks with an estimated value of $ 8 billion and satellite television with an estimated value of $8 billion You have estimated a regression bota of 1045 for the firm, using data over the last year, during which period Netflix had a debt to capital ratio of 20% The three businesses have very different risk characteristics and you have been able to find bottom-up beton for two of three businesses - unlevered betos of 0.5 for cable and 1.3 for television networks - but have been unable to get a beta for the satellite television business. You can asume a 40% corporate tax rate) Now assume that the firm currently has a debt to capital ratio of 40% and you can assume that the market hos priced the firm corectly and it plan to sell its satellite television business and use the proceeds to pay down debt What was Netflix debt to equity ratio before selling the satellite television business? Given the regression beta, what is Netto unlevered beto Given the regression beta. what is the unlovered beta of just the satellite television businesse Estimate the unlevered beta for Netflix after selling the satelite television business, Estimate the levered beta after the selling transaction