You are going to value Lauryn's Doll Company using the FCF model. After consulting various sources, you find that Lauryn's has a reported equity beta of $1\mathrm{.}7,$ a debt$-$to$-$equity ratio of $0\mathrm{.}7,$ and a tax rate of $21$ percent. Based on this information, what is the asset beta for Lauryn's?

Note: Do not round intermediate calculations. Round your answer to $2$ decimal places.

Lauryn's asset betaM