Review the excerpted table of historic returns shown below. The returns have all been annualized after having calculated monthly returns for the previous five years. In addition, information is provided about the average, the volatility, and the sensitivity of the possible investments. Time Period # Market Return Firm W Firm X Firm Y Firm Z T-Bill 1 0.601 0.035 0.333 -0.144 0.955 -0.747 2 0.191 -0.423 0.348 0.871 0.218 -0.632 0.470 0.868 3 0.143 0.316 -0.472 0.378 0.502 0.379 -0.192 0.694 0.039 0.040 0.036 0.036 4 5 0.178 0.499 0.364 0.912 0.532 6 -0.014 0.168 -0.671 -0.064 0.038 ... 59 0.374 0.556 1.014 0.023 0.698 0.037 60 0.173 0.547 0.092 0.658 0.222 0.036 0.082 0.113 0.067 0.167 0.121 0.029 Average Return Standard Deviation 0.156 0.369 0.497 0.398 0.456 0.011 Beta 1.00 1.21 0.89 1.41 1.25 0.00 Firm Z has a Debt/Equity Ratio of 0.25 and a Tax Rate of 20%. What is the beta of a project (rounded to two places) if said project is half as risky as typical Firm Z projects