Consider the following information regarding corporate bonds:

Rating	AAA	AA	A	BBB	BB	B	CCC
Average Default Rate	0.0%	0.1%	0.2%	0.45%	2.2%	5.5%	12.2%
Recession Default Rate	0.0%	1.0%	3.0%	3.0%	8.0%	16.0%	48.0%
Average Beta	0.05	0.05	0.05	0.10	0.17	0.26	0.31
Company	Market Capitalization ($mm)	Total Enterprise Value ($mm)	Equity Beta	Debt Rating
Taggart Transcontinental	$4500	8000	1.1	BBB
Rearden Metal	$3800	7200	1.3	AAA
Wyatt Oil	$2400	3800	0.9	A
Nielson Motors	$1500	4400	1.75	BB

Suppose that because of the large need for steel in building railroad infrastructure, Taggart Transcontinental and Rearden Metal decide to form into one large conglomerate. Your estimate of the asset beta for this new conglomerate is__________.

(Please write your answer as a number, with two decimal places. e.g. write "0.1234" as "0.12")