Beta of a project. Magellan is adding a project to the company portfolio and has the following information: the expected market return is $10\mathrm{.}8\%,$ the risk$-$free rate is $5\mathrm{.}2\%,$ and the expected return on the new project is $13\mathrm{.}4\%.$ is the project's beta?

What is the project's beta?

$($Round to three decimal places.$)$