You have been managing a 55 mition portfolio that has a beto of 1.35 and a required rate of return of 13.775%. The current risk-free rate is 5%. Assume that you receive another $500,000. If you Invest the money in a stock with a beta of 1.55, what wit be the required return on your $5.5 millon portfolio? Do not round intermediate calculations. Round your answer to twe decimal places