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You are going to value Lauryns Doll Co. using the FCF model. After consulting various sources, you find that Lauryn's has a reported equity beta

You are going to value Lauryns Doll Co. using the FCF model. After consulting various sources, you find that Lauryn's has a reported equity beta of 1.6, a debt-to-equity ratio of 0.4, and a tax rate of 40 percent. Based on this information, what is the asset beta for Lauryns? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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