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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 1 2

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 2.4%, and the expected return on the new project is
16.5%. What is the project's beta?
What is the project's beta?
(Round to three decimal places.)
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