You are going to value Lauryn's Doll Co$.$ using the FCF model. After consulting various sources, you find that Lauryn's has a reported equity beta of $1\mathrm{.}6,$ a debt$-$to$-$equity ratio of $.3,$ and a tax rate of $21$ percent. Based on this information, what is the asset beta for Lauryn's? $($Do not round intermediate calculations. Round your answer to $2$ decimal places.$)$

Lauryn's asset beta