Freedman Flowers' stock has a 50% chance of producing a 27% return, a 30% chance of producing a 33% return, and a 20% chance of producing a 30% return. What is the firm's expected rate of return?

Select the correct answer.

a. 17.00%

b. 17.10%

c. 17.40%

d. 17.20%

e. 17.30%