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Please show all work and excel formulas AllCounty is financed with 25% debt and the rest equity. It has an equity beta of 1.2 and

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Please show all work and excel formulas

AllCounty is financed with 25% debt and the rest equity. It has an equity beta of 1.2 and a debt beta of 0. AllCounty's tax rate is 25%. If AllCounty issues debt to repurchase equity so that the new firm is now 37% debt, what will be its new equity beta? (Continue to assume the debt beta remains at 0.) The new equity beta will be 1.43. (Round to two decimal places.)

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