An investor currently has all of his wealth in Treasury bills. He is considering investing one-third of his funds in General Electric, whose beta is 2.1, with the remainder left in Treasury bills. The expected risk-free rate (Treasury bills) is 6 percent and the market risk premium is 5.1 percent. Determine the beta and the expected return on the proposed portfolio. Round your answers to two decimal places.

Portfolio's Beta:

Portfolio's Expected Return: %