Abrams builds a portfolio by investing in two stocks only: Samsung (SMSN) and Motorola (MSI). According to the CAPM, the expected risk premium (i.e., the expected return minus the risk-free rate) of SMSN is 11.68% and the expected risk premium of MSI is 5.53%. The beta of SMSN is equal to 1.2. If Abrams puts 61% of his money in SMSN stock and 39% in MSI stock, what is the approximate beta of his portfolio?