Question: In mid - 2 0 1 5 , Cisco Systems had a market capitalization of $ 1 2 3 billion. It had A - rated

In mid-2015, Cisco Systems had a market capitalization of $123 billion. It had A-rated debt of $21 billion as well as cash and short-term investments of $62 billion, and its estimated equity beta at the time was 1.32.
a. What is Ciscos enterprise value?
b. Assuming Ciscos debt has a beta of zero, estimate the beta of Ciscos underlying business enterprise.

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