use info from question one to answer question five

You will use the following information for the rest of the assignment (for anything that is not updated in later questions). You are trying to determine what would happen to your firm's WACC if you take on a new project. Your capital structure consists of 23% debt with a cost of 7% and a beta of 0.3. The market return is 12.5% and the risk-free rate is 2.5%. Your firm has invested in three projects, with 40% in project 1 (beta of 0.69 ), 15% in project 2 (beta of 1.66 ), and 45% in project 3 (beta of 2.03 ). The tax rate is 20%. First, what is your current WACC? Let's say that you found a new asset beta of 1.395. What would the firm's new levered equity. beta be? Round your answer to three decimal places