hey, I have a problem with q1 of Sep/Dec 2015 exam paper. In the appendix 2 they calculate ‘Combined company equity beta’ and they use the proportion of equity/debt of 0.6/0.4. It is said in the question that this proportion is for the Cigno Co, the other company Anatra has non-current liab. of 9,000; equity of 3,500 and reserves of 4,520. How do we arrive to the equity/debt proportion of 0.6/0.4 in the combined company? thanks in advance