You are an analyst at Apex Innovations, known for its cutting-edge technology in the renewable energy sector. Apex is considering moving into high-energy batteries. You have been assigned to determine the leverage beta for this new division. Apex, plans to maintain a target debt-to-equity ratio of 0.56. We comparing other companies in the high-energy battery sector, you learned the average beta is 1.78 and the industry's average debt-to-equity ratio is 0.68. The tax rate for Apex and the high energy battery sector is 21%.

What is the industry's unleverage beta?

What is the new division's leverage beta?