An analyst gathered the following information for a stock and market parameters: - stock beta =1.08; - expected return on the Market =11.97%; - expected return on T-bills =1.55%; - current stock Price =$9.01; - expected stock price in one year =$11.14; - expected dividend payment next year =$3.23. Calculate the expected return for this stock. Please share your answer as a percentage rounded to 2 decimal places