You have been managing a 55 million portfolio that has a beta of 1.45 and a required rate of retutn of 9.975%. The current nisk-free rate is 2%. Asiume that you recerve another $500,000. If you invest the money in a stock with a beta of 1.65, what will be the recured retum on your $5.5 milion portolio? Do not round intermediate calculations. Round your answer to two decimal places