Apple has a Beta of $1\mathrm{.}5.$ Assume that the risk$-$free rate of interest is $4\%$ and that you expect the stock market will return $8\%$ over the next year. According to the Capital Asset Pricing Model $($CAPM$),$ the expected return of Apple is $\_\_\_\_.($just plug in the number rounded to the nearest hundredth, don't include the percent sign$).$