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Magellan is adding a project to the company portfolio and has the following information: the expected market return is 15.2%, the risk-free rate is 5.4%,

Magellan is adding a project to the company portfolio and has the following information: the expected market return is 15.2%, the risk-free rate is 5.4%, and the expected return on the new project is 15.9%.

What is the project's beta?

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