Suppose you are the money manager of a $4.3 million investment fund. The fund consists of 4 stocks with the following investments and betas:

Stock A: Investment- 360,000 Beta: 1.50

Stock B: Investment- 520,000 Beta: -0.50

Stock C: Investment- 1,020,000 Beta: 1.25

Stock D: Investment: 2,400,000 Beta: 0.75

If the market's required rate of return is 10% and the risk-free rate is 7%, what is the fund's required rate of return? Round your answer to two decimal places. ____ %