You have been managing a $$5$ million portfolio that has a beta of $1\mathrm{.}15$ and a required rate of return of $10\mathrm{.}475\%.$ The current risk$-$free rate is $3\%.$ Assume that you receive another

$$500,000.$ If you invest the money in a stock with a beta of $0\mathrm{.}95,$ what will be the required return on your $$5\mathrm{.}5$ million portfolio? Do not round intermediate calculations. Round your answer

to two decimal places.