Rating Average Default Rate Recession Default Rate Average Beta A 0.2% 3.0% 0.05 BBB 0.45% 3.0% 0.10 BB 2.2% 8.0% 0.17 B CCC 5.5% 12.2% 16.0% 48.0% 0.26 0.31 AAA 0.0% 0.0% 0.05 Market Capitalization (Smm) $4500 $3800 $2400 $1500 AA 0.1% 1.0% 0.05 Total Enterprise Value (mm) 8000 7200 3800 4400 Equity Beta 1.1 Company Taggart Transcontinental Rearden Metal Wyatt Oil Nielson Motors Debt Rating BBB AAA A BB 1.3 0.9 1.75 Your estimate of the asset beta for Taggart Transcontinental is closest to: A. 0.42 B. 0.59 C. 0.66 D. 0.71