Joel Foster is the portfolio manager of the SF Fund, a $2.85 million hedge fund that contains the following stocks. The required rate of return on the market is 11.00% and the risk-free rate is 5.00%. What rate of return should investors expect (and require) on this fund? (All beta amounts are positive)

Stock Amount Beta

A $1,075,000 1.20

B 675,000 0.50

C 600,000 1.40

D 500,000 0.75

2,850,000