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You have been managing a 55 million portfolio that has a beta of 1.15 and a required rate of return of 11.775%6. The current riskefree

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You have been managing a 55 million portfolio that has a beta of 1.15 and a required rate of return of 11.775%6. The current riskefree rate is 29 . Assume that you recelve another $500.000, If you invest the money in a stock with a beta of 1.35, what will be the required return on your 55.5 milion portfolio? Do not round intermediate Calculations, Round your answer to two decimal places

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