You own a stock portfolio invested $16$ percent in Stock Q$,24$ percent in Stock R$,36$ percent in Stock S$,$ and $24$ percent in Stock T$.$ The betas for these four stocks are $\mathrm{.}94,1\mathrm{.}00,1\mathrm{.}40,$ and $1\mathrm{.}85,$ respectively. What is the portfolio beta?

Note: Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

Portfolio beta