Portfolio Required Return Suppose you manage a $4.065 million fund that consists of four stocks with the following investments: Stock Investment Beta $380,000 1.50 -0.50 475,000 1,460,000 1,750,000 1.25 0.75 If the market's required rate of return is 13% and the risk-free rate is 6%, what is the fund's required rate of return? Do not round intermediate calculations. Round your answer to two decimal places