Suppose you manage a $4.665 million fund that consists of four stocks with the following investments: Stock Investment Beta A $460,000 1.50 B 775,000 -0.50 980,000 1.25 D 2,450,000 If the market's required rate of return is 11% 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. 0.75 %