Question 10 of 26 >>> A Moving to another question will save this response, 7 points Save You have been managing a $3 million portfolio that has a beta of 0.9 and a required return of 11.55%. The current risk-free rate is 4%. Assume that you receive another $500,000. If you invest th money in a stock with a beta of 1.8, what will be the required return on your new portfolio? Round you answer to 2 decimal places