If the expected return on the market portfolio $($i$.$e$.,$ Rm$)$ is $18\%,$ if the risk$-$free rate $($i$.$e$.,$ Rf$)$ is $9\%$ and if the beta of Homton, Inc. stock is $1\mathrm{.}65,$ what is the equilibrium expected rate of return on Homton$$s stock according to the Capital Asset Pricing Model $($CAPM$)?($Record your answer rounded to $1$ decimal place; for example, record $18\mathrm{.}29654\%$ as $18\mathrm{.}3).$