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You are evaluating the cost of capital for a women's fashion and clothing company, Oxymode Inc. The company's market capitalization is 570 million and it

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You are evaluating the cost of capital for a women's fashion and clothing company, Oxymode Inc. The company's market capitalization is 570 million and it has $23 milion in long term debt but is planning a recapitalization to achieve a target debt-to-equity ratio of 1. The company currently has an equity beta of 14 and a corporate tax rate of 26% What would be the equity beta of Oxymode under the target capital structure provide your answer as a number with two decimal places)

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