Suppose you manage a $4 million fund that consists of four stocks with the following investments:

Suppose you manage a $4 million fund that consists of four stocks with the following investments:

Stock                         Investment                           Beta

A                                            $400,000                                          1.50

B                                            $600,000                                          -0.50

C                                            $1,000,000                           1.25

D                                            $2,000,000                           0.75

If the market's required rate of return is 14% and the risk-free rate is 6%, what is the fund's required rate of return?

Please show steps to solution using a BAII calculator (not excel)