You hold the positions in the following table. If you expect the market to earn 14 percent and the risk-free rate is 5 percent, what is the required return of the portfolio?

Price Shares Beta

Website.com $20.50 100 3.2

Budget Stores $36.20 150 1.5

Manufacturing Corp $60.70 75 2.4

Pharmacy Corp $28.40 200 0.75

22.66 percent

32.48 percent

20.21 percent

28.66 percent