Hartman motors has 11 million in assets which were financed, Financial Management

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Hartman motors has 11 million in assets which were financed

Unlevered beta

Hartman Motors has $11 million in assets, which were financed with $2.2 million of debt and $8.8 million in equity. Hartman's beta is currently 1.45 and its tax rate is 35%. Use the Hamada equation to find Hartman's unlevered beta, bU. Do not round intermediate calculations. Round your answer to two decimal places.

bU =

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Financial Management: Hartman motors has 11 million in assets which were financed

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Financial Management: Hartman motors has 11 million in assets which were financed

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