GKL and Associates has a beta of $1\mathrm{.}1.$ The market risk premium is expected to be $8\%$ and the risk free rate is $3\mathrm{.}5\%.$ According to the CAPM, what is the expected return for GKL$?$

Place your answer in decimal form.

$5\mathrm{.}3\%$

$12\mathrm{.}3\%$

$8\%$

$8\mathrm{.}45\%$