Indell stock has a current market value of $190 million and a beta of 1.00 . Indell currently has risk-free debt as well. The firm decides to change its capital structure by issuing $37.77 million in additional risk-free debt, and then using this $37.77 million plus another $7 million in cash to repurchase stock. With perfect capital markets, what will the beta of Indell stock be after this transaction The beta of Indell stock after the recapitalization is . (Round to two decimal places.)