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You are given the following information for a firm: begin{tabular}{lll} Corporate Tax Rate & = & 32.7% Debt Equity Ratio & = & 0.52

image text in transcribed You are given the following information for a firm: \begin{tabular}{lll} Corporate Tax Rate & = & 32.7% \\ Debt Equity Ratio & = & 0.52 \\ Equity Beta & = & 1.3 \\ Capital Expenditures & = & 0 \\ Market Risk Premium & = & 6% \\ Debt Outstanding & = & $30M \end{tabular} What is the asset beta

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