7. Problem 8.07 (Portfolio Required Return) eBook Problem Walk-Through Suppose you are the money manager of a $4.47 million investment fund. The fund consists of four stocks with the following investments and betas: Stock Investment Beta $ 220,000 1.50 460,000 (0.50) 1.25 940,000 2,850,000 0.75 If the market's required rate of return is 9% 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