Consider a portfolio consisting of 2 assets, a share with a beta of 1.02 and market risk premium of 12%, and a risk-free asset with an expected return of 3%. If the portfolio weighting is 65% of shares and 35% of the risk-free asset, what is the expected return on the portfolio?

A. 10.96%

B. 16.18%

C. 8.97%

D. 9.4%