Suppose you are the money manager of a $4.46 million investment fund. The Fund consists of four stocks with the following investments and betas: Stock Investment Beta $ 380,000 1.50 400,000 (0.50 ) 1,480,000 1.25 D 2,200,000 0.75 If the market's required rate of return is 8% and the risk-free rate is 4%, what s the fund's required rate of return? Do not round intermediate calculations. Round your answer to two decimal places