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 $0\mathrm{.}59.$ We comparing other companies in the high$-$energy battery sector, you learned the average beta is $1\mathrm{.}17$ and the industry's average debt$-$to$-$equity ratio is $1\mathrm{.}04.$ 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?