Suppose you are the money manager of a $4.98 million Investment fund. The fund consists of four stocks with the following investments and betas: Stock Investment Beta $ 440,000 1.50 B 400,000 (0.50 ) 1,340,000 1.25 D 2,800,000 0.75 If the market's required rate of return is 8% and the risk-free rate is 3%, what is the fund's required rate of return? Do not round Intermediate calculations. Round your answer to two decimal places. %