Indell stock has a current market value of $120 million and a beta of 1.90. Indell currently has risk-free debt as well. The firm decides to change its capital structure by issuing $12.46 million in additional risk-free debt, and then using this $12.46 million plus another $14 million in cash to repurchase stock. With perfect capital markets, what will the beta of Indell stock be after this transaction?