You are holding a portfolio with the following investments and betas:

Stock	Dollar Investment	Beta
A	$200,000	1.30
B	$150,000	1.60
C	$300,000	0.80
D	$350,000	-0.25
Total Investment	$1,000,000

The market's required return is 10% and the risk-free rate is 3%. What is the portfolio's required return?

Do not round intermediate calculations. Type your answer in % and round your answer to two decimal places (e.g. for 4.50% type in 4.50).