ssume that you manage an $$11\mathrm{.}00$ million mutual fund that has a beta of $1\mathrm{.}25$ and a $9\mathrm{.}50\%$ required return. The risk$-$free rate is $2\mathrm{.}20\%.$ You now receive another $$14\mathrm{.}00$ nillion, which you invest in stocks with an average beta of $0\mathrm{.}95.$ What is the required rate of return on the new portfolio? $($Hint: You must first find the market risk remium, then find the new portfolio beta.$)$ Do not round your intermediate calculations.

a$.8\mathrm{.}52\%$

b$.10\mathrm{.}13\%$

c$.9\mathrm{.}01\%$

d$.10\mathrm{.}42\%$

e$.8\mathrm{.}22\%$