Portfolio Required Return Suppose you manage a $4.09 million fund that consists of four stocks with the following investments: Beta Stock Investment $300,000 1.50 B 650,000 -0.50 940,000 1.25 D 2,200,000 0.75 If the market's required rate of return is 13% 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. %