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Suppose you are the money manager of a $ 3 . 7 4 million investment fund. The fund consists of four stocks with the following

Suppose you are the money manager of a $3.74 million investment fund. The fund consists of four stocks with the following investments and betas:
Stock Investment Beta
A $ 220,0001.50
B 500,000(0.50)
C 920,0001.25
D 2,100,0000.75
If the market's required rate of return is 12% and the risk-free rate is 6%, what is the fund's required rate of return? Do not round intermediate calculations. Round your answer to two decimal places.

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