What if you were unhappy with your WACC calculation when you recalculated after the investment in the new project, and your firm decided to increase their leverage from 30% to 59%. If you previously had an asset beta of 1.25, what would their new levered equity beta be after accounting for that new level of leverage?

General Information given:

WACC of 14.21%

capital structure: 30% debt with a cost of 6% and a beta of 0.2

equity cost of 18.76%.

Market return:14%

risk-free rate: 4%.

The firm decided to invest in three projects, having 30% in project 1 (with a beta of 1.3), 30% in project 2 (with a beta of 0.75), and 40% in project 3 (with a beta of 1.5).

Tax rate of 40%.

Please round to 2 decimal places, thanks!