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David Brown has $17,881.00 invested in American Cyanamid, $24,231.00 in Gannett Company, and $25,604.00 in Texas International. If American Cyanamid has an expected return of

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David Brown has $17,881.00 invested in American Cyanamid, $24,231.00 in Gannett Company, and $25,604.00 in Texas International. If American Cyanamid has an expected return of 27.35%, Gannett an expected return of 22.09%, and Texas International an expected return of 21.26%, what is the portfolio's expected return? (Answer the number of percentage, e.g, if your answer is 10%, answer 10 in the answering area. Do not round intermediate calculations. Round your answer to 2 decimal places.) Numeric Response

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