A money manager is holding a $10 million portfolio that consists of the following five stocks:

Stock

Amount Invested

Beta

A

4 million

1.2

B

2 million

1.1

C

2 million

1

D

1 million

0.7

E

1 million

0.5

The portfolio has a required return of 11 percent, and the market risk premium, kM - kRF, is 5 percent. What is the required return on Stock C?