Suppose you are the money manager of a $4.82 million investment fund. The fund consists of four stocks with the following investments and betas: Stock Investment Beta $360,000 1.50 B 500,000 (0.50) c 1,360,000 1.25 D 2,600,000 0.75 If the market's required rate of return is 11% 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