Portfolio Required Return Suppose you manage a $4.27 million fund that consists of four stocks with the following investments: Stock Investment Beta $220,000 1.50 400,000 -0.50 1,100,000 1.25 2,550,000 If the market's required rate of return is 13% 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. 0.75