You hold a diversified portfolio consisting of a $$10,000$ investment in each of $15$ different common stocks $($i$.$e$.,$ your total investment is $$150,000).$ The portfolio beta is equal to $1\mathrm{.}1.$ You have decided to sell one of your stocks which has a beta equal to $0\mathrm{.}7$ for $$10,000.$ You plan to use the proceeds to purchase another stock which has a beta equal to $1\mathrm{.}7.$ What will be the beta of the new portfolio? Show your answer to $2$ decimal places.