We run a delivery service, and we believe our firm has market risk equally between that of UPS and FedEx. We know the following about these 2 firms:

	Stock Price per share	# shares outstanding	Market Value of Debt
UPS	$65	0.7 billion	$ 5 billion
FedEx	$55	250 million	$ 3 billion

We also have the following data on the securities of these firms:

	Beta E	Beta D
UPS	0.8	0
FedEx	1.1	0.1

Assume that our firm has risk-free debt with market value $20 million and equity with market value $450 million. Assume that taxes are not relevant. Please estimate our firms equity beta.