Suppose you are a money manager of a $10 million investment fund. The fund is invested in three assets with the following investments and betas:

Stock A investment of $3,000,000 and a Beta of 1.50

Stock B investment of $2,000,000 and a Beta of 0.60

Stock C investment of $3,000,000 and a Beta of 1.20

Stock D investment of $1,000,000 and a Beta of 1.90

The remainder is invested in T-bills (risk free asset) with 3% return. If the market expected rate of return is 9% what is the funds expected rate of return?