A stock has an expected return of $11\mathrm{.}8$ percent, its beta is $\mathrm{.}93,$ and the risk$-$free rate is $5\mathrm{.}9$ percent. What must the expected return on the market be$?$

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

Market expected return