You are evaluating the cost of capital for a women's fashion and clothing company, Oxymode Inc. The company's market capitalization is $63 million, and it has $11 million in long-term debt but is planning a recapitalization to achieve a target debt- to-equity ratio of 1. The company currently has an equity beta of 1.03 and a corporate tax rate of 26%. What would be the equity beta of Oxymode under the target capital structure (provide your answer as a number with two decimal places)