We have the Washington firm on which we have the following information. Its bheta unlevered is 3, its D/E is 4/1, and its tax rate is .3. Additionally we know that the default free rate is 5% and the stock market has returned 11 % over a long period of time. There is a $2 yearly dividend that continues forever. Compute the levered bheta. Expound on what kind of firm Washington is. Derive the price