Portfolio Beta

You have a $$2$ million portfolio consisting of a $$100,000$ investment in each of $20$ different stocks. The portfolio has a beta of $1\mathrm{.}3.$ You are considering selling $$100,000$ worth of one stock with a beta of $0\mathrm{.}7$ and using the proceeds to purchase another stock with a beta of $1\mathrm{.}8.$ What will the portfolio's new beta be after these transactions? Do not round intermediate calculations. Round your answer to two decimal places.