22. Problem 2-10 (Portfolio Required Return) eBook Problem Walk-Through Portfolio Required Return Suppose you manage a $4.915 million fund that consists of four stocks with the following investments: Stock Investment Beta A $450,000 1.50 B 675,000 -0.50 C 1,180,000 1.25 D 2,600,000 0.75 If the market's required rate of return is 12% and the risk-free rate is 4%, what is the fund's required rate of return? Do not round Intermediate calculations. Round your answer to two decimal places