Suppose you are the money manager of a $5.18 million investment fund. The fund consists of four stocks with the following investments and betas: Stock Beta Investment $ 440,000 600,000 1,340,000 2,800,000 1.50 (0.50 ) 1.25 0.75 If the market's required rate of return is 13% and the risk-free rate is 6%, what is the fund's required rate of return? Do not round intermediate calculations. Round your answer to two decimal places