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Using the information below, calculate the beta that should be used in Eric's WACC calculation. Current capital structure includes 3 0 . 0 % equity

Using the information below, calculate the beta that should be used in Eric's WACC calculation.
Current capital structure includes 30.0% equity and 70.0% debt
Target capital structure is 40.0% equity and 60.0% debt
Market risk premium is 6.0%
Risk free rate is 6.0%
Marginal tax rate is 30.0%
Pre-tax cost of debt is 10.0%
You don't have an estimate of Eric's beta. The closest comparable you can find is Bullion, which has a levered beta of 1.3. Bullion's balance sheet shows 300.0 in debt and 200.0 in equity.
Bullion's market capitalization is currently 400.0.
Enter your answer as a positive number, rounded to 1 decimal place without percentage symbol.
Example: If beta =1.11, type 1.1
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