In mid-2015, Cisco Systems had a market capitalization of $132 billion. It had A-rated debt of 21 billion as well as cash and short-term investments of 56 billion, and its estimated equity beta at the time was 1.15.
a. What is Cisco's enterprise value?
b. Assuming Cisco's debt has a beta of? zero, estimate the beta of Cisco's underlying business enterprise.
Round to nearest integer.