Suppose you are the money manager of a $4.48 million investment fund. The fund consists of four stocks with the following investments and betas: Stock Investment $ 240,000 300,000 1,440,000 2,500,000 Beta 1.50 (0.50) 1.25 0.75 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