Portfolio Required Return

Suppose you manage a $3.445 million fund that consists of four stocks with the following investments:

Stock	Investment		Beta
A	$200,000		1.50
B	475,000		-0.50
C	1,020,000		1.25
D	1,750,000		0.75

If the market's required rate of return is 10% 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.

%