Assume that Badger Manufacturing sells 3,031 bonds and the bonds have an expected return of 4.2% with a variance of 11%. You decide to put 55% of your wealth in these Badger Manufacturing bonds, and the rest in GE stock which has an expected return of 10.1% and a variance of 38%. The covariance between Badger bonds and GE stock is 0.08. What is the expected variance on your new portfolio? Enter your answer without the % symbol. For example, if your answer is 15.2%, enter 15.2.