Suppose you manage a $5.295 million fund that consists of four stocks with the following investments: Stock Investment Beta $400,000 1.50 B 525,000 -0.50 1,420,000 1.25 D 2,950,000 0.75 If the market's required rate of return is 12% and the risk-free rate is 7%, what is the fund's required rate of return? Do not round intermediate calculations. Round your answer to two decimal places. 10.48 %