Polycorp is investigating two projects. The risk free rate is 0.06 and the market premium is 0.05. Project A has a beta of 0.75 and project B has a beta 1.9 times that of the average for the firm's existing projects. Projects A and B are independent. If accepted the projects will initially be funded by borrowing at 7% pa. Calculate the beta of project B to two decimal places. The firm's current weighted average cost of capital is 11%pa (before taking either or both A and B). Assume no taxes.