Q3: IBM, a computer manufacturer, announces that it will be acquiring Xperi. You know the following- 1- IBM had a beta of 1.20 prior to the merger. The firm has a market value of equity of S 10 billion and $ 4 billion in debt outstanding. 2- Xperi Software had a beta of 1.40 prior to the merger. The firm has a market value of equity of S 8 billion and $ 1 billion in debt outstanding. Both firms have a 40% tax rate. a. Estimate the unlevered beta of the combined firm. b. If you were told that the combined firm's levered beta will be 1.52, after the acquisition, how much debt did General Systems use to acquire FastWorks? [You can assume that IBM will assume Xperi' existing debt)