A mutual fund manager has a $20 million portfolio with a beta of 2.9. The risk-free rate 45W. and the market rak premium is 5%. The manager expeds to receive an additional $5 million, which she plans to invest in a number of stocks. After Investing ene additonal funds, she wants the fund's required return to be 17%. What should be the average beta of the new stocks added to the portfolio? Negative value, sny, should be indicated by a minus sign. Do not round Intermediate calculations. Round your answer to dne decimal place