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You have been margir $5 million portfolio that has a beta of 1.35 and a required rate of return of 8.725%. The current risk-free rate

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You have been margir $5 million portfolio that has a beta of 1.35 and a required rate of return of 8.725%. The current risk-free rate is 4%. Assume that you receive another 5500,000. If you invest the money in a stock with a beta of 1.15, what will be the required return on your $5.5 million portfolio? Do not round intermediate calculations Round your answer to two decimal places

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