Baby Boom Inc. is trying to estimate its optimal capital structure. Right now, Baby Boom has a capital structure that consists of 40% debt and 60% equity, based on market values. (Its D/E ratio is 0.67.) The risk-free rate is 3% and the market risk premium, rM rRF, is 7%. Currently the companys cost of equity, which is based on the CAPM, is 14% and its tax rate is 40%. Find the firms current levered beta using the CAPM rounded to 2 decimal places.