$($SOLVE IN EXCEL$)$

Suppose you manage a $$6$ million fund that consists of four stocks with the following investments:

Stock Investment Beta

A $$900,0001\mathrm{.}50$

B $1,500,000-0\mathrm{.}50$

C $2,100,0001\mathrm{.}25$

D $1,500,0000\mathrm{.}75$

If the market's required rate of return is $10\%$ and the risk$-$free rate is $5\%,$ what is the fund's required rate of return? Do not round intermediate calculations. Round your answer to two decimal places.