An investor has the following portfolio:
Stock Beta Investment
Tootsie Roll Industries 1.3 $10,000
The Hershey Company 1.4 $30,000
Nestle 0.6 $10,000
If the T-Bill rate is 5% and the market risk premium is 5.5%, according to the CAPM, what is the expected return for this portfolio?
The expected return for this portfolio is ___?%.
?(Round to two decimal places.)