Question: Beta of a project. Magellan is adding a project to the company portfolio and has the following information: the expected market return is 12.1%, the

Beta of a project. Magellan is adding a project to the company portfolio and has the following information: the expected market return is 12.1%, the risk-free rate is 4.9%, and the expected return on the new project is 12.5%. What is the project's beta? What is the project's beta? (Round to three decimal places.)
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