Question: Beta of a project Magellan is adding a project to the company portfolio and has the following information: the expected market return is 15.4%, the


Beta of a project Magellan is adding a project to the company portfolio and has the following information: the expected market return is 15.4%, the risk-free rate is 4.5%, and the expected return on the new project is 13.1%. What is the projects beta? What is the project's beta? (Round to three decimal places.)
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