Use the following information to answer the next two questions.

Toyota had a market beta of 1.75 in 2005. It had $13 billion in outstanding debt in that year and 400 million shares trading at $50 per share. The firm had a cash balance of $8 billion at the end of 2005. The marginal tax rate was 36%. What is the value of the unlevered beta of the firm? Question 30 options:

1.235

1.453

1.750

0.899