Section Il Question 4 Novellus Inc. is a publicly traded company that operates in three businesses with the following characteristics Revenues on millions Estimated Enterprise Value In Unlevered millions) Beta Storage Device $600.00 $400.00 0.9 Electronics $500.00 $600.00 12 Social Media $400.00 $800.00 1.8 The fem has 100 million shares trading at $ 12/share, has no cash balance and raises the rest of its funding from debt. The marginal tax rate is com A Estimate the current levered beta for the (20 points) B. Assume that Novellus is planning to sell its storage device business for the estimated value and install the raced in its social media business and use the other half to retire debt Estimate the new beta for the (30 points)