please show readable work, thank you!

5. (10 percent) Assume that you manage a $12.00 million mutual fund that has a beta of 1.15 and a 9.70% required return. The risk-free rate is 4.20%. You now receive another $15 million, which you invest in stocks with an average beta of 1.10 . What is the required rate of return on the new portfolio? Do not round your intermediate calculations