Farrah Fowler Financial manages a $12.9 million portfolio, currently all invested in equities, and believes that the market is on the verge of a big but short-lived downturn. Farrh-Fowler would move its portfolio temporarily into T-bills, but does not want to incur the transaction costs of liquidating and reestablishing its equity position. Instead, Farrah Fowler decides to temporarily hedge its equity holdings with E-mini S&P 500 index futures contracts. If Farrah-Fowler's equity holdings are invested in a market-index fund, into how many contracts should the company enter if the beta of the equity portfolio is 0.4? The S&P 500 index is now at 1191 and the contract multiplier is $250. (Round your intermediate calculations and final answer to 1 decimal place.) Number of contracts