Consider a risky asset that has two possible payoffs in a year's time:

Outcome	Probability	Payoff
Good	.5	$200,000
Bad	.5	$70,000

Your alternative is to invest in a risk-free asset (a T-bill) that returns 6% per year in either state. Based on your coefficient of risk aversion you require a risk premium of 8% on the risky asset.

Assume the risky asset is actually selling for the maximum price you would be willing to pay for it given your required risk premium. What is the expected rate of return on the risky asset? Please enter your answer in percent rounded to the nearest basis point.