In mid-2015, Cisco Systems had a market capitalization of $ 129 billion. It had A-rated debt of $ 21 billion as well as cash and short-term investments of $ 61 billion, and its estimated equity beta at the time was 1.38. 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.
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