Problem $2-10($Portfolio Required Return$)$

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Portfolio Required Return

Suppose you manage a $$4\mathrm{.}49$ million fund that consists of four stocks with the following investments:

$\backslash$table$[[$Stock$,$Investment,Beta$],[$A$,$$$320,000,1\mathrm{.}50],[$B$,650,000,-0\mathrm{.}50],[$C$,1,220,000,1\mathrm{.}25],[$D$,2,300,000,0\mathrm{.}75]]$

If the market's required rate of return is $9\%$ 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.

$\%$