Hamada equation to find hartman unlevered beta

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Hartman Motors has $20 million in assets, which were financed with $4 million of debt and $16 million in equity. Hartman's beta is currently 1.9, 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 =

Reference no: EM131910688

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