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Non Gratis Corporation is a cookie factory. It is considering acquiring a division that makes those little plastic tips on the end of the shoe

Non Gratis Corporation is a cookie factory. It is considering acquiring a division that makes those little plastic tips on the end of the shoe laces. The unlevered beta for the plastic tip industry is 0.8. The division will be financed with 40% debt and 60% equity. 


What will the levered beta of this project be if the tax rate is 40%? Assume beta of debt is zero.

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