The CFO of MediSearch ple believes that investing into a project which will develop a new drug for fighting the flu virus, promises a long-terrn annual return of 14\%. The expected roturn of the market index is RM=13%, the volatility of the markot index is M=9.6% and the riskelree asset eams Rf=2.8%. The CFO has studied similar projects of other companies and bekaves that the covariance between the returns of this project and the refurns of the tnarket is P,=0,0106( in decimal form). This question has 3 parts (ie you will be clicking "Verity 3 times). What is the beta of the project? Enter your answer rounded to two decimal places