PORTFOLIO REQUIRED RETURN Suppose you are the money manager of a $4.39 million investment fund. The fund consists of four stocks with the following investments and betas: Investment Beta 1.50 (0.50) 1.25 0.75 Stock $400,000 540,000 1,500,000 1,950,000 If the market's required rate of return is 10% and the risk-free rate is 5%, what is the fund's required rate of return? Do not round intermediate calculations. Round your answer to two decimal places