You are holding a portfolio with the following investments and betas:
Stock Dollar investment Beta
A $250,000 1.20 B 200,000 1.70 C 300,000 0.75 D 250,000 -0.20 Total investment $1,000,000 The market's required return is 11% and the risk-free rate is 4%. What is the portfolio's required return? Do not round intermediate calculations. Round your answer to three decimal places.