Suppose you are the money manager of a $5.12 million investment fund. The fund consists of four stocks with the following investments and betas: Stock Investment A $ 340,000 beta: 1.50 stock B: 700,000, BETA (0.50). STOCK C. 1,380,000, Beta 1.25 Stock D 2,700,000, Beta 0.75 If the market's required rate of return is 11% and the risk-free rate is 4%, what is the fund's required rate of return? Do not round intermediate calculations. Round your answer to two decimal places. %