Your portfolio consists of $100,000 invested in a stock which has a beta = 1.2, $150,000 invested in a stock which has a beta = 0.95, and $50,000 invested in a stock which has a beta = 1.5. The risk-free rate is 4 percent. Last year this portfolio had a required rate of return of 10 percent. This year nothing has changed except for the fact that the market risk premium has increased in the amount of 2 percent (two percentage points) on top of last year market risk premium (This year market risk premium = Last year market risk premium + 2%).. What is the portfolio's current year required rate of return?