You have been managing a $2 million portfolio that has a beta of 1.2 and a required rate of return of 14%. The current risk-free rate is 4%. Assume that you receive another 1,000,000. If you invest the money in a stock with a beta of .9, what will be the required rate of return on your portfolio? 12.24% 13.17% 12.87% 11.58% 10.88%