Suppose you are the money manager of a $5.42 million investment fund. The fund consists of four stocks with the following investments and betas: Stock Investment Beta A $ 360,000 700,000 1,360,000 3,000,000 1.50 (0.50) 1.25 0.75 If the market's required rate of return is 8% 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