An analyst gathered the following information for a stock and market parameters:

stock beta = 1.47;

expected return on the Market = 11.59%;

expected return on T-bills = 1.65%;

current stock Price = $6.89;

expected stock price in one year = $9.45;

expected dividend payment next year = $2.03.

Calculate the expected return for this stock. Please share your answer as a percentage rounded to 2 decimal places.