Suppose you are the money manager of a $3.94 million investment fund. The fund consists of four stocks with the following investments and betas: Stock A Investment $ 520,000 700,000 8 C 920,000 D 1,800,000 If the market's required rate of return is 9% 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. Beta 1.50 (0.50) 1.25 0.75