2. You forecast the following for two firms, Lendlease Group (LLC) and Ampol Ltd (ALD):

	E[r]	(r)
LLC	8%	20%
ALD	12%	8%

Consider a portfolio C in which an investor borrows 100% of her wealth and invests both her own funds and the borrowed funds in a portfolio P, comprised of 20% in LLC and 80% in ALD.

If the risk-free rate is 2% and the correlation between LLC and ALD is 0, what is the standard deviation of C? Enter your answer in raw decimal form to four (4) decimal places.