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An analyst finds that the equity beta of a company is 1.42 and its debt beta is 1.18, The values of debt and equity for

An analyst finds that the equity beta of a company is 1.42 and its debt beta is 1.18, The values of debt and equity for the company are $164 million and $205 million respectively. If the applicable tax rate for the company is 40 percent, calculate the asset beta of the company. (Round the answer to two decimal places)

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