Suppose you are the money manager of a $4.16 million investment fund. The fund consists of four stocks with the following investments and betas: Stock Investment Beta A $ 580,000 1.50 B 500,000 (0.50) 1,280,000 1.25 D 1,800,000 0.75 If the market's required rate of return is 12% 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. % Calculate the required rate of return for Mudd Enterprises assuming that investors expect a 4.5% rate of inflation in the future. The real risk-free rate is 1.5%, and the market risk premium is 7.0%. Mudd has a beta of 1.6, and its realized rate of return has averaged 11.0% over the past 5 years. Round your answer to two decimal places. %