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UNLEVERED BETA Hartman Motors has $17 million in assets, which were financed with $6.8 million of debt and $10.2 million in equity. Hartman's beta is

UNLEVERED BETA

Hartman Motors has $17 million in assets, which were financed with $6.8 million of debt and $10.2 million in equity. Hartman's beta is currently 1.95, and its tax rate is 40%. Use the Hamada equation to find Hartman's unlevered beta, bU. Do not round intermediate calculations. Round your answer to two decimal places.

bU =

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