You invested 28% of your funds in stock H, 50% in stock I, and the remainder in stock J. The betas for stock H, I and J are 1.1, .75, and -.25, respectively. Treasury bills provide a 4% rate of return and the S&P 500's return is 16%. Find the required return of your portfolio. Round intermediate steps and your final answer to four decimals and enter it in decimal format (EX:.XXXX).