Spielberg builds a portfolio by investing in two stocks only: Samsung (SMSN) and Huawei (SHE). According to the CAPM, the expected risk premium (i.e., the expected return minus the risk-free rate) of SMSN is 10.92% and the expected risk premium of SHE is 6.14%. The beta of SMSN is equal to 1.48. If Spielberg puts 73% of his money in SMSN stock and 27% in SHE stock, what is the approximate beta of his portfolio?

(Please round your answer with two decimals).