An investor has a retirement portfolio comprised of 3 assets: cash, bonds and stocks. The investor will invest $19,666 in the retirement portfolio and wants to estimate the value of the investment in 10 years. The asset allocation (weights) of the retirement portfolio is as follows: Cash: 10%, Bonds: 17%, and the rest is Stocks. The expected returns of the assets in the retirement portfolio: Expected Asset Return (E(R)) Cash 3% Bond 5% Stock 11% Assume that the returns follow a normal distribution and that the estimated standard deviation (o) of returns of the portfolio is 24% per year. Use the expected CAGR to estimate the portfolio in 10 years. Round the answer to 2 decimal places