Your firm is planning to invest in a new electrostatic power generation system. Electrostat Inc is a firm that specializes in this business. Electrostat has a stock price of $25 per share with 16 million shares outstanding. Electrostat's equity beta is 1.18. It also has $220 million in debt outstanding with a debt beta of 0.08.

The asset beta for electrostatic power generators is closest to:

A) 0.76 B) 0.79 C) 0.93 D) 1.10