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Suppose you are the money manager of a $ 4 . 2 8 million investment fund. The fund consists of four stocks with the following

Suppose you are the money manager of a $4.28 million investment fund. The fund consists of four stocks with the following investments and betas:
\table[[Stock,Investment,Beta],[A,$460,000,1.50],[B,320,000,0.50],[C,1,500,000,1.25],[D,2,000,000,0.75]]
If the market's required rate of return is 12% and the risk-free rate is 7%, what is the fund's required rate of return? Do not round intermediate calculations. decimal places.
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