(RiskReturn) An investor currently holds the following portfolio:

8,000 shares of Stock A, worth $15,000; Beta = 1.1

15,000 shares of Stock B, worth $48,000; Beta = 2

25,000 shares of Stock C, worth $97,000; Beta = 2.2

The investor is worried that the beta of his portfolio is too high, so he wants to sell some stock C and add stock D, which has a beta of 1, to his portfolio.

If the investor wants his portfolio to have a beta of 1.69, he must replace $ _____000 stock C with stock D.

Note: Enter the first two digits of your answers. The thousands are already in the answer.