Use the hamada equation to find hartmans unlevered beta, Financial Management

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Use the hamada equation to find hartmans unlevered beta

Hartman Motors has $8 million in assets, which were financed with $1.6 million of debt and $6.4 million in equity. Hartman's beta is currently 1.1 and its tax rate is 40%. 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: Use the hamada equation to find hartmans unlevered beta

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Financial Management: Use the hamada equation to find hartmans unlevered beta

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