You own a stock portfolio invested 40 percent in Stock Q, 30 percent in Stock R, 20 percent in Stock S, and 10 percent in Stock T. The betas for these four stocks are .87, 1.20, 1.04, and 1.22, respectively. What is the portfolio beta? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)