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We run a delivery service, and we believe our firm has market riskequally betweenthat of UPS and FedEx. We know the following about these 2

We run a delivery service, and we believe our firm has market riskequally betweenthat of UPS and FedEx. We know the following about these 2 firms:

Stock Price per share# shares outstandingMarket Value of DebtUPS$650.7 billion$ 5 billionFedEx$55250 million$ 3 billion

We also have the following data on the securities of these firms:

BetaEBetaDUPS0.80FedEx1.10.1

Assume that our firm hasrisk-free debtwith market value $20 million and equity with market value $450 million. Assume that taxes are not relevant. Please estimate our firm's equity beta.

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