An investor has put money in four stocks in the dollar amounts indicated and with betas specified. What is the portfolio beta? Stock A $3,996 with a beta of 1.18; stock B $6,281 with a beta of 1.12; stock C $5,042 with a beta of 1.08; and stock D $6,303 with a beta of 1.18. Show your answer rounded to two decimal points.