Given the formula for unlevering a beta $($Bu$)$ and using the following informa$-$ tion, calculate the levered beta for the subject company.

$$ From guideline public company data:

$$ Levered beta is $1\mathrm{.}4.$

$$ Tax rate is $40$ percent.

$$ Market value capital structure is $35$ percent debt, $65$ percent equity.

$$ For the subject company:

$$ Tax rate is $36$ percent.

$$ Market value capital structure is $20$ percent debt, $80$ percent equity.

$$ Bu $=$ Bl $/[1+(1$ t$)($Wd$/$We$)].$