The music division of Seagrams Inc. evaluates all new record proposals by calculating the NPV based on the Music Divisions own cost of capital. The divisions capital structure is composed of $250M of debt and $1.5B of equity. To help you, the CEO has identified a pure play music company, the EMI Group. EMIs equity beta is 1.3714, they have $2B of debt, and their equity is worth $6B. Assume that the debt betas for both companies are zero and that the corporate tax rate is 30%. What is the Music Divisions equity beta?