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	$ 280,000		1.50
B	600,000		(0.50	)
C	1,480,000		1.25
D	1,800,000		0.75

If the market's required rate of return is 10% 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.

Suppose you are the mciner manaper of a 34.16 million investraent fund. The fund censlati of four stocis with the folloping ieweritrients and betas: \begin{tabular}{ccc} Stock & Investaient & Beta \\ \hline A & $200.000 & 1.30 \\ D & 600.000 & (0.50) \\ C & 1,400.000 & 1.75 \\ D & 1.000.000 & 0.75 \end{tabular}