Sheila managers of $15 million portfolio with a beta of 1.2. The risk-free rate is 2% and the expected market premium is 7%. Sheila is granted a new $5 million to invest in the target for the full $20 million portfolio is expected return of 9.6%. what must be the bearer of the new funds invested in Sheila's final portfolio? (just the beta of the new 5 million)

Sheila manages a $15 million portfolio with a beta of 1.2. The risk-free rate is 2%, and the expected market premium is 7%. Sheila is granted a new $5 million to invest, and the target for the full, $20 million portfolio is an expected return of 9.6%. What must be the beta of the new funds invested in Sheila's final portfolio (JUST the beta of the NEW $5 million)