Suppose you manage a $$4$ million fund that consists of four stocks with the following investments:

Stock Investment Beta

A $$600,0001\mathrm{.}50$

B $800,000-0\mathrm{.}50$

C $1,400,0001\mathrm{.}25$

D $1,200,0000\mathrm{.}75$

If the market's required rate of return is $16\%$ 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.

$\%$