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Beta of a project. Magellan is adding a project to the company portfolio and has the following information: the expected market return is 12.7%, the

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Beta of a project. Magellan is adding a project to the company portfolio and has the following information: the expected market return is 12.7%, the risk-free rate is 3.2%, and the expected return on the new project is 16.7%. What is the project's beta? What is the project's beta? (Round to three decimal places.)

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