6. Problem 8.07 Click here to read the eBook: Risk in a Portfolio Context: The CAPM Problem Walk-Through Problem 8-7 Portfolio required return Suppose you are the money manager of a $4.19 million investment fund. The fund consists of 4 stocks with the following investments and betas: Stock Beta 1.50 Investment $ 400,000 740,000 1,300,000 1,750,000 - 0.50 1.25 0.75 If the market's required rate of return is 13% and the risk-free rate is 7%, what is the fund's required rate of return? Round your answer to two decimal places. %