Please answer as soon as possible:

You are the CFO of a levered corporation in a Perfect Capital Market.

In January 2020 your firms financial information is as follows:

-Outstanding Market Value debt is $25 million

-Cost of debt is 4.00% which includes a 50 basis point credit spread

-Market Value of Equity is $175 million

-Expected Return of the Market is 6.50%

-Beta of the firms stock is 1.5

-Total volatility of the firms return is 30%

Now in April 2020 you are presented with an opportunity to invest in a new IT infrastructure that requires a $50 million upfront investment.

You as CFO approve the IT project and decide to finance 30% by issuing new shares of stock and to finance the remaining 70% of the project by issuing new debt. The cost of debt is still 4.00%. The Expected Return of the Market is still at 6.50%,

What is the Beta of your firms stock after issuing the new financing in April 2020 to embark on the IT project? PLEASE SHOW ALL CALCULATIONS.