7. Problem 8.07 Click here to read the eBook: Risk in a Portfolio Context: The CAPM Problem Walk-Through PORTFOLIO REQUIRED RETURN Suppose you are the money manager of a $4.37 million investment fund. The fund consists of four stocks with the following investments and betas: Stock Investment Beta $ 260,000 540,000 1,020,000 2,550,000 1.50 (0.50) 1.25 0.75 If the market's required rate of return is 8% and the risk-free rate is 7%, what is the fund's required rate of return? Do not round intermediate calculations. Round your answer to two decimal places. %