A security analyst has regressed the monthly returns on Exxon Mobil equity shares over the past five years against those on the Standard \\& Poor's 500 stock index over the same period. The resulting regression equation is \\( r_{F M}=0.05+1.53 r_{S P} \\). Use this equation to estimate Exxon Mobil's equity beta. Note: Round your answer to 2 decimal places