PORTFOLIO REQUIRED RETURN Suppose you are the money manager of a $4.87 million investment fund. The fund consists of four stocks with the following investments and betas: A Stock Investment Beta $360,000 1.50 B 520,000 (0.50) C 1,140,000 1.25 0 2,850,000 0.75 If the market's required rate of return is 12% 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