A manager of an endowment fund is evaluating the market risk linked to the Alpha Industrial Fund. The Alpha Industrial Fund is projected to deliver an annual return of 7.1% and exhibits a volatility of 7.9%. The fund uses the Russell 2000 Index as its benchmark. The expected annual return of the Russell 2000 Index has been estimated at 7.8%, accompanied by a volatility of 9.8%. The task is to determine the beta coefficient of the Alpha Industrial Fund using the Capital Asset Pricing Model (CAPM), with the risk-free rate assumed to be 3.2% per annum.