PORTFOLIO REQUIRED RETURN Suppose you are the money manager of a $4.63 million investment fund. The fund consists of four stocks with the following investments and betas: Stock Beta 1.50 (0.50) 1.25 0.75 Investment $220,000 540,000 1,420,000 2,450,000 If the market's required rate of return is 10% and the risk-free rate is 7%, what is the fund's required rate of return? Do not round intermediate calculations. Round your answer to two decimal places