Company has a levered beta of 1.29, its capital structure consists of 36% debt and the remaining as equity, and its tax rate is 40%. What would the company's beta be if it used no debt? Round your...

Company has a levered beta of 1.29, its capital structure consists of 36% debt and the remaining as equity, and its tax rate is 40%. What would the company's beta be if it used no debt?  Round your answer to two decimal places of a whole number. (Hint: Use the Hamada equation.)

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