You own a stock portfolio invested 35 percent in Stock Q, 25 percent in Stock R, 25 percent in Stock S, and 15 percent in Stock T. The betas for these four stocks are 0.83, 1.21, 1.22, and 1.39, respectively. What is the portfolio beta? (Round your answer to 2 decimal places. (e.g., 32.16))

Portfolio beta

Sixx AM Manufacturing has a target debt?equity ratio of 0.65. Its cost of equity is 13 percent, and its cost of debt is 9 percent. If the tax rate is 40 percent, what is the company