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Good Foodies Ltd is a food catering company that currently has a beta of 0.65, debt with a market value of $8.7 billion and equity

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Good Foodies Ltd is a food catering company that currently has a beta of 0.65, debt with a market value of $8.7 billion and equity with a market value of $12.3 billion. It is thinking about expanding into the transport industry with a project that is of similar risk to the activities of Road Truckies Co. Road Truckies' beta is 1.05, and it has debt with a market value of $2.7 billion and equity with a market value of $0.65 billion. The applicable tax rate is 30%. What is the appropriate beta for this project? Your response must be entered as a numerical value with 3 decimal places

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