Quantitative Problem: You are holding a portfolio with the following investments and betas:

Stock	Dollar investment			Beta
A		$250,000		1.25
B		200,000		1.50
C		500,000		0.85
D		50,000		-0.15
Total investment		$1,000,000

The market's required return is 10% and the risk-free rate is 3%. What is the portfolio's required return? Do not round intermediate calculations. Round your answer to three decimal places.

%