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Question 1 12.5 pts An investor has a retirement portfolio comprised of 3 assets: cash, bonds and stocks. The investor will invest $16,271 in the retirement portfolio and wants to estimate the value of the investment in 17 years. The asset allocation (weights) of the retirement portfolio is as follows: Cash: 11%, Bonds: 11%, and the rest is Stocks. The expected returns of the assets in the retirement portfolio: Expected Asset Return (E(R)) Cash 3% Bond 7% Stock 10% Assume that the returns follow a normal distribution and that the estimated standard deviation (C) of returns of the portfolio is 15% per year. Use the expected CAGR to estimate the portfolio in 17 years. Round the answer to 2 decimal places