You are thinking of buying a stock priced at $$106\mathrm{.}29$ per share. Assume that the risk$-$free rate is about $4\mathrm{.}84\%$ and the market risk premium is $6\mathrm{.}56\%.$ If you think the stock will rise to $$122\mathrm{.}24$ per share by the end of the year, at which time it will pay a $$2\mathrm{.}37$ dividend, what beta would it need to have for this expectation to be consistent with the CAPM?

The beta is $($Round to two decimal places.$)$