Lucas 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 12.15% and the expected risk premium of MSI is 6.79%. The beta of SMSN is equal to 1.2 . If Lucas puts 66% of his money in SMSN stock and 34% in MSI stock, what is the approximate beta of his portfolio? p= (Please round your answer with two decimals)