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RobCo is a company that makes robots for a variety of applications. A similar company, Cyberdyne Industries, is 100% equity and has a beta of

RobCo is a company that makes robots for a variety of applications. A similar company, Cyberdyne Industries, is 100% equity and has a beta of 0.4. If RobCo is 79% debt financed, and the rest is equity financed, what is RobCo's equity beta if the tax rate is 16%? Please give your answer to two decimal places.

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