Jayden Angel holds a $200,000 portfolio consisting of the following stocks. The portfolio's beta is 1.150.

Stock		Investment		Beta
A		$50,000		0.50
B		$50,000		1.00
C		$50,000		1.70
D		$50,000		1.40
Total		$200,000

If Jayden replaces Stock A with another stock, E, which has a beta of 0.95, what will the portfolio's new beta be? Do not round your intermediate calculations.

a. 1.7000

b. 1.3875

c. 1.1100

d. 1.2262

e. 1.2625