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Suppose a company uses only debt (in the form of loans) and common equity to finance its capital budget. Company estimates that its WACC is

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Suppose a company uses only debt (in the form of loans) and common equity to finance its capital budget. Company estimates that its WACC is 9%. The capital structure consists of 37% debt. The loan is charged at LIBOR plus 54 basis points. LIBOR is currently 8.25%. The tax rate is 20%. Risk free rate is = 3.5% and the MRP is 8%. What is the beta of the company? Round your answer to two decimal places

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