Step $1$: Unlever Beta. Equity $($levered$)$ betas for three comparable firms are given. Unlever each beta to get the asset beta for each comp. Debt ratios are given for the first two comps, the third can be found using the financial statements for Superior Toasters on the second tab. Average the asset betas to get an estimate of the appropriate asset beta for Everything$$s investment in toaster manufacturing. Hint: be careful when entering your formulas for levering and unlevering, making sure that you use the right ratios $($remember that D$/$V $+$ E$/$V $=1$ and that V $=$ D $+$ E$).$