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Hartman Motors has $12 million in assets, which were financed with $2.4 million of debt and $9.6 million in equity. Hartman's beta is currently 1.5,

Hartman Motors has $12 million in assets, which were financed with $2.4 million of debt and $9.6 million in equity. Hartman's beta is currently 1.5, and its tax rate is 35%. Use the Hamada equation to find Hartman's unlevered beta, bU. Do not round intermediate calculations. Round your answer to two decimal places.

bU =

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