Attempts Keep the Highest / 10 6. Problem 8.16 (CAPM and Portfolio Return) You have been managing a $5 million portfolio that has a beta of 1.15 and a required rate of retum of 11.475%. The current risk-free rate is 4%. Assume that you receive another $500,000. If you invest the money in a stock with a beta of 0.95, what will be the required return on your $5.5 million portfolio? Do not round intermediate calculations. Round your answer to two decimal places. Attempts Keep the Highest / 10 6. Problem 8.16 (CAPM and Portfolio Return) You have been managing a $5 million portfolio that has a beta of 1.15 and a required rate of retum of 11.475%. The current risk-free rate is 4%. Assume that you receive another $500,000. If you invest the money in a stock with a beta of 0.95, what will be the required return on your $5.5 million portfolio? Do not round intermediate calculations. Round your answer to two decimal places