Abrams builds a portfolio by investing in two stocks only: Microsoft (MSFT) and Huawei (SHE). According to the CAPM, the expected risk premium (i.e., the expected return minus the risk-free rate) of MSFT is 11.14% and the expected risk premium of SHE is 5.02%. The beta of MSFT is equal to 1.07. If Abrams puts 80% of his money in MSFT stock and 20% in SHE stock, what is the approximate beta of his portfolio?

p= (Please round your answer with two decimals).