What is the formula the beta of a leveraged firm. where L= Levered or Equity Beta D/E = Market value Debt to equity ratio u= Unlevered or Asset Beta t= Marginal tax rate L=u(1+((1+t)E/D))L=u(1+((1t)D/E))L=u(1+((1t))(1(D/E))L=u/(1+((1t)D/E)) Question 34(0.5 points) If you accept the proposition that the objective in corporate finance is maximizing firm value, which of the following actions is inconsistent with that objective? Using excess cash to pay dividends. Taking an investment that generates a return that exceed the hurdle rate for that investment. Giving equity options to managers as part of compensation. Taking advantage of loopholes in loan agreements to increase earnings. Borrowing money to reduce your hurdle rate