Quantitative Problem: You are holding a portfolio with the following investments and betas: Stock Dollar investment Beta A 1.20 B $200,000 100,000 1.50 400,000 0.85 300,000 -0.25 Total investment $1,000,000 The market's required return is 11% 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. D %