Freedman Flowers' stock has a 50% chance of producing a 29% return, a 30% chance of producing a 34% return, and a 20% chance of producing a 32% return. What is the firm's expected rate of return?

Select the correct answer.

a. 18.00%

b. 18.10%

c. 18.30%

d. 18.20%

e. 18.40%