Assume that when using CAPM, you are not satisfied with the beta you found for your target company, Plotts Airways. Instead, you want to use an industry average. Based on the following data, what equity beta should you use for Plotts Airways? Plotts Airways plans to target a capital structure comprised of 40% debt and 60% equity. Assume 40% tax rate.

			Equity Beta
Analysis of Comps	Debt	Equity	L	tax rate
Alpha	80%	20%	2.1	40%
Beta	60%	40%	1.8	40%
Gamma	10%	90%	1.1	40%