Question: 8. Please find the bottom-up beta for the target, a privately held microchip manufacturer. The expected long-term financial leverage (debt/equity) for the target is 1.2.

8. Please find the bottom-up beta for the target, a privately held microchip manufacturer. The expected long-term financial leverage (debt/equity) for the target is 1.2. The target's tax rate is 30%. A banker identifies the following publicly traded comparables: Levered Beta Tax Rate Debt/Equity Ratio Intel 1.08 35% 0.8 TSMC 0.90 25% 0.3 Micron 0.92 35% 0.4

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