Please provide explanation so I can learn.

Attempts: Keep the Highest: /1 6. 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 $3.96 million investment fund. The fund consists of four stocks with the following investments and betas: Stock Investment Beta $ 200,000 1.50 B 360,000 (0.50) 1,300,000 1.25 D 2,100,000 0.75 If the market's required rate of return is 13% 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. %