You are a financial analyst at a major investment bank trying to evaluate a merger given the fluid COVID-19 situation. Your boss assigned you to study the potential merger between American Airlines and United Airlines. American Airlines has total assets of $9,000 million and a market capitalization of $4,500 million. American Airlines' equity beta is 1.1 and the debt rating is at BBB. United Airlines has total assets of $4,000 million and a market capitalization of $2,400 million. United Airlines' equity beta is 0.9 and the debt rating is at A. You were given the bond rating information in the table below. If American and United were to merge, what is the asset beta for the combined company? Rating AAA AAA BBBBB B ccc Average Beta 0.05 0.05 0.05 0.10 0.17 0.26 0.31