Quantitative Problem: You are holding a portfolio with the following investments and betas: Stock ABCD Dollar investment Beta $250,000 1.15 100,000 1.60 400,000 0.70 250,000 $1,000,000 -0.30 Total investment The market's required return is 9% and the risk-free rate is 5%. What is the portfolio's required return? Do not round intermediate calculations. Round your answer to three decimal places. %