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The total market value of Gator holding company is $10,000. Gator has two divisions: Garden products (GP) division and Scuba diving (SD) division. The assets

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The total market value of Gator holding company is $10,000. Gator has two divisions: Garden products (GP) division and Scuba diving (SD) division. The assets of the GP division represent 60% of the company's assets; the rest are the assets of the SD division. The GP division has an unlevered equity beta of 1.1. Gator's equity (levered) beta is 1.7. Gator has a debt-equity ratio of 0.5. Current outstanding debt is worth $5,000 and 54,000 of this debt is allocated to the GP division. The tax rate is 40% What is the the unlevered equity beta for the SD division? In your answer, use two decimals Your

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