Use the information below to answer the next three questions. Thistle Be Good Corp. (TBG) is currently all-equity financed and has a value of $50 million. TBG's current expected return on equity is 12% and is taxed at a corporate rate of 35%. Suppose TBG changes its capital structure such that its new capital structure is comprised of 20% debt and 80% stock. The return on the newly issued debt is 6%. The risk-free rate is 2% and the market risk premium is 8%. 16. What is TBG's unlevered beta? a. 1.0 b. 1.25 c. 1.5 d. 1.67 e. None of the above 17. What is TGB's new weighted average beta after recapitalization? a. 1.15 b. 1.25 c. 1.53 d. 1.64 e. None of the above