An investment advisor has recommended a RM100,000 portfolio containing asset K,L and M. It is proposed that RM50,000 will be invested in asset K, with an expected return of 12 percent, RM15,000 will be invested in asset L, with an expected return of 18 percent, and RM35,000 will be invested in asset M with an expected annual return of 8 percent. Calculate the expected annual return of this portfolio