You have been managing, a 55 mallion portfolo that has a beta of 1.15 and a required rate of return of 9.025%. The current risk-free rate is 5$. Assume that you receive inother $500,000. If yout imver the matey in a stock weh a bete of 1.45 , what will be the required return on vour $5.5 million portfolio? Do not round intermediate calculations. Round your answer to two decimal places. \%