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You have been managing a $ 9 0 0 , 0 0 0 portfolio that has a beta of 1 . 5 0 and a

You have been managing a $900,000 portfolio that has a beta of 1.50 and a required rate of return of 15%. The current risk-free rate is 3.00%. Assume that you receive another $100,000. If you invest the money in a stock with a beta of 0.40, what will be the required return on your million dollar portfolio?
12.708%
14.826%
13.414%
14.120%
15.532%
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