If the risk-free rate is 5.40 percent and the risk premium is 4.2 percent, what is the required return? (Round your answer to 1 decimal place.)

Compute the expected return given these three economic states, their likelihoods, and the potential returns: (Round your answer to 2 decimal places.)

Economic State	Probability		Return
Fast growth	0.20		55	%
Slow growth	0.58		22
Recession	0.22		33