SSIF Inc. is a company that operates in the fintech business and you are trying to estimate a beta for being just in the fintech business. The average regression beta across 35 fintech companies is 1.60, the average debt to equity ratio for these firms is 40.00% and cash as a percent of firm value is 3.00% for the firms. What is the unlevered beta of being in the fintech business? (You can assume a 35.00% marginal tax rate for all firms.) a) 1.27 b) 1.15 c) 1.31 d) 1.00 e) 1.12