A stock has an expected return of 11.5 percent, its beta is 1.25, and the risk-free rate is 4.5 percent. What must the expected return on the market be?

A stock has an expected return of 11.5 percent, its beta is 1.25, and the risk-free rate is 4.5 percent. What must the expected return on the market be? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Market expected return %