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Magellan is adding a project to the company portfolio and has the following information. the expected market return is 11.1%, the risk-free rate is 6.1%,

Magellan is adding a project to the company portfolio and has the following information. the expected market return is 11.1%, the risk-free rate is 6.1%, and the expected return on the new project is 16.7%. what is the projects beta?

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