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Question 32 5 pts You are evaluating the cost of capital for a women's fashion and clothing company, Oxymode Inc. The company's market capitalization is

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Question 32 5 pts You are evaluating the cost of capital for a women's fashion and clothing company, Oxymode Inc. The company's market capitalization is $100 million, and it has $46 million in long-term debt but is planning a recapitalization to achieve a target debt-to-equity ratio of 1. The company currently has an equity beta of 0.89 and a corporate tax rate of 26%. What would be the equity beta of Oxymode under the target capital structure (provide your answer as a number with two decimal places)

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