Assume that you manage a risky portfolio with an expected rate of return of 17% and a standard deviation of 27%. The T-bill rate is 7%. A client prefers to invest in your portfolio a proportion (y) that maximizes the expected return on the overall portfolio subject to the constraint that the overall portfolio's standard deviation will not exceed 20%. Required: a. What is the investment proportion, y? (Round your answer to 2 decimal places.) b. What is the expected rate of return on the overall portfolio? (Do not round intermediate calculations and round your answer to 2 decimal places.)