A new project has a beta of 1.8 and makes up 80% of the firm's total investments after it was selected. What is the firms new asset beta?

Information given:

WACC of 14.21%

capital structure: 30% debt with a cost of 6% and a beta of 0.2

equity cost of 18.76%.

Market return:14%

risk-free rate: 4%.

The firm decided to invest in three projects, having 30% in project 1 (with a beta of 1.3), 30% in project 2 (with a beta of 0.75), and 40% in project 3 (with a beta of 1.5).

Tax rate of 40%.

Please show work and round answer to 2 decimal places! Thanks!