Jill Angel Holds a $200,000 Portfolio Consisting of the Following

Jill Angel holds a $200,000 portfolio consisting of the following stocks.The portfolio's beta is 0.88. $\begin{array}{lll}\text { Stock }&\text { Investment }&\text { Beta }\\\text { A } & \$ 50,000 & 0.50 \\\mathrm{~B} & \$ 50,000 & 0.80 \\\mathrm{C} & \$ 50,000 & 1.00 \\\mathrm{D} & \$ 50,000 & 1.20\\\text { Total }&\$200,000\end{array}$
If Jill replaces Stock A with another stock,E,which has a beta of 1.45,what will the portfolio's new beta be? Do not round your intermediate calculations.

A) 1.39
B) 1.28
C) 0.83
D) 1.22
E) 1.11