Assume health care services provider Gilead Sciences Inc. (GILD) has sensitivity to market returns of 1.5, a small-minus big (SMB) factor sensitivity of 2, and a high minus low book value (HML) factor sensitivity of 1.0. Furthermore, assume a risk-free rate of 3.5%, an average annual equity risk premium of 8.5%, average annual SMB factor return of 2.5%, and an average return to the HML factor of 4.5%. Calculate expected return for GILD assuming a three-factor model intercept of zero.