Calculate an estimated annual return for the entire portfolio:

$2,000,000 in a municipal bond fund that has an average maturity of 2 years and an annual return of 2%

500,000 shares of XOM stock that were purchased 10 years ago at $60 per share, now trading at $114.94 per share

$4,000,000 with Greene Asset Management - Large Cap Value Manager, this year's return is 9%

$3,000,000 with Elliott Asset Management - Mid Cap Growth Manager, this year's return is 11%

$8,000,000 with Beth Asset Management - Small Cap Value Manager, this year's return is losing 6%

$5,000,000 invested with a hedge fund - Pool Macro Advisors, this year's return is 20%

$2,000,000 with a private equity fund - Reagan Private Equity Partners, which invests in illiquid private companies and this year's return is 6%