Lucas 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 11.98% and the expected risk premium of SHE is 5.58%. The beta of MSFT is equal to 1.22. If Lucas puts 67% of his money in MSFT stock and 33% in SHE stock, what is the approximate beta of his portfolio? = Number (Please round your answer with two decimals)