Beta B Suppose you are the money manager of a $4.8 million investment fund. The fund consists of four stocks with the following investments and betas: Stock Investment $ 360,000 1.50 420,000 (0.50) 1,220,000 1.25 D 2,800,000 0.75 If the market's required rate of return is 13% and the risk-free rate is 4%, what is the fund's required rate of return? Do not round intermediate calculations. Round your answer to two decimal places. C %