Your portfolio consists of $66,347 invested in a stock that has a beta = 0.9, $59,537 invested in a stock that has a beta = 1.2, and $31,210 invested in a stock that has a beta = 2. The risk-free rate is 3.2%. Last year this portfolio had a required return of 14.9%. This year nothing has changed except that the market risk premium has increased by 2.6%. What is the portfolios current required rate of return?