4. Problem 8.07 (Portfolio Required Return) eBook Problem Walk-Through Suppose you are the money manager of a $4.48 million investment fund. The fund consists of four stocks with the following investments and betas: Stock Beta Investment $ 240,000 600,000 940,000 2,700,000 1.50 (0.50) 1.25 0.75 If the market's required rate of return is 11% and the risk-free rate is 5%, what is the fund's required rate of return? Do not round intermediate calculations. Round your answer to two decimal places. %