Consider a firm, Lynwood, that last year sees its expected rate of return of 10.4% while the market risk-premium is 8.1% and the risk-free rate is 3.3%. For this coming year, Lynwood beta will stay the same, but the market risk-premium will be 2% more than last year. The risk-free rate of return will also not change. Calculate Lynwood's expected rate of return as a percent to two places?