Suppose you are the money manager of a $3.95 milion investment fund. The fund consists of four stocks with the following investments and betas: Stock Investment Beta 4 $ 220,000 1.50 B 580,000 (0.50) C 1.300,000 D 1,850,000 0.75 If the market's required rate of return is 12% and the nok.free rate is what is the fund's required rate of return? Do not round intermediate calculations. Round your answer to two decimal places