Problem 8.16 (CAPM and Portfolio Return) Question 5 of 7 Check My Work (3 remaining) eBook Problem Walk-Through You have been managing a $5 million portfolio that has a beta of 1.05 and a required rate of return of 11.825%. The current risk- free rate is 5%. Assume that you receive another $500,000. If you invest the money in a stock with a beta of 0.85, what will be the required return on your $5.5 million portfolio? Do not round intermediate calculations. Round your answer to two decimal places. %