The CFO of MediSearch plc believes that investing into a project which will develop a new drug for fighting the flu virus, promises a long- term annual return of 13%. The expected return of the market index is RM - 8.9%, the volatility of the market index is OM - 10.9% and the risk-free asset earns Ry -4.2%. The CFO has studied similar projects of other companies and believes that the covariance between the returns of this project and the returns of the market is OPM = 0.0103 (in decimal form). What is the beta of the project? Enter your answer founded to two decimal places. Number Section Attempt 1 of 1 Verily