Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. Assume you are the CFO and you have been asked to calculate the stocks beta. Assume that Kimberly-Clark has an expected return of 19 percent. Also, assume that the risk-free rate is 5 percent and the market risk premium is 10 percent.

Required: Calculate the beta for Kimberly-Clarks stock.