Consider the following information regarding corporate bonds: Rating AAA AA A BBB BB B CCC Average Default Rate 0.0% 10.0% 0,2% 0,4% 2. 1% 5.2% 9.9% Recession Default Rate 0.0% 1.0% 3.0% 3.0% 8.0% 16.0% 43.0% Average Beta 0.05 0.05 0.05 0.10 0.17 0.26 0.31 Company Market Capitalisation Total Enterprise Value Equity Debt ($mm) ($mm) Beta Rating Taggart Transcontinental $4,500 8,000 1.1 BBB Rearden Metal $3,800 7,200 1.3 AAA Wyatt Oil $2,400 3,800 0.9 A Nielson Motors $1,500 4,400 1.75 BB Your estimate of the asset beta for Rearden Metal is closest to