You are analyzing the beta for General Electric and have broken down the company into three broad business groups, with market values and unlevered betas for each group. Calculate the unlevered beta for General Electric and then calculate General Electrics levered beta, using the levered beta formula. The following information is relevant for answering the question:

Tax Rate	30%
Market Value of Debt	$48,000,000
Shares Outstanding	1,750,000
Stock Price (P0)	$18.50

Industry Segment	Revenues	Unlevered Beta	EV/Sales Ratio
Heavy Equipment	$15,250,000	1.22	1.86
Equipment Services	$13,000,000	0.85	1.75
Insurance	$9,500,000	0.75	1.22