Problem 8.07 (Portfolio Required Return) Question 3 of 8 Check My Work (1 remaining) eBook Problem Walk-Through Suppose you are the money manager of a $4.67 million investment fund. The fund consists of four stocks with the following investments and betas: Stock Investment Beta $ 240,000 1.50 B 500,000 (0.50) 980,000 1.25 D 2,950,000 0.75 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