The firm XY has a firm value (market value of the assets) of $8.9 million. The market value of the debt in the firm is $2.5 million, and the firm has $1.6 million in excess cash. Both the debt and the excess cash is risk free and the equity beta of the firm is 1.30. In which interval is the asset beta of XY?[Start out by calculating the enterprise value of X]

Unknown problem no.5 The firm XY has a firm value (market value of the assets) of $8.9 million. The market value of the debt in the firm is $2.5 million, and the firm has $1.6 million in excess cash. Both the debt and the excess cash is risk free and the equity beta of the firm is 1.30. In which interval is the asset beta of XY? [Start out by calculating the enterprise value of XY] *A. (1.1; 1.2) B. 11.3; 1.4) C. 10.8; 0.9) D. 11.5; 1.6) E. 10.4;0.6) F. (1.7; 1.8] ilu