Navy Co is projected to have a return of 32% if the economy is very strong, while it is expected to have a return of 4% if the economy is weak. Red Co is expected to have a return of 2% if the economy is very strong, while it is expected to have a return of 10% if the economy is very weak. The S&P 500 Index is expected to have a return of 13% in a very strong economy, while it is projected to have a return of -3% in a weak economy.

Assume each scenario is equally likely. Rounded to two places, what is the Beta of Red Co?