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 Beta Investment $ 360,000 800,000 1,060,000 2,600,000 1.50 (0.50 ) 1.25 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. %