Portfolio Required Return Suppose you manage a $4.365 million fund that consists of four stocks with the following investments: Stock Investment Beta A $440,000 1.50 B 425,000 -0.50 1,300,000 1.25 D 2,200,000 0.75 If the market's required rate of return is 14% and the risk free rate is 7%, what is the fund's required rate of return? Do not round intermediate calculations. Round your answer to two decimal places