Freedman Flowers' stock has a 50% chance of producing a 32% return, a 30% chance of producing a 18% return, and a 20% chance of producing a 31% return. What is the firm's expected rate of return?

Select the correct answer.

a. 14.96%

b. 15.04%

c. 15.20%

d. 15.12%

e. 15.28%