Cache Creek Manufacturing Company is expected to pay a dividend of $1 in the upcoming year. Dividends are expected to grow at the rate of 7% per year. The risk-free rate of return is 1%, and the expected return on the market portfolio is 12.5%. The stock is trading in the market today at $10. Using the constant-growth DDM and the CAPM, the beta of the stock is _________. Hint: use the constant-growth DDM to determine the market capitalization rate of the stock.