Questions $21-27$ are based on the following information.

Time left $1$:$53$:$53$

Three friends, Tom and Josh, are discussing their investments.

Tom has a total of $$50,000$ available for investment, and decides to invest in an efficient portfolio. He first borrows another $$20,000$ and invests a total of $$70,000$ in the market portfolio.

Josh has invested $$30,000$ in Norman Harvey Holdings Ltd and $$20,000$ in BJ Hi$-$Fi Ltd$.$

The correlation between Norman Harvey and BJ Hi$-$Fi is O$.7.$

The following table shows the expected return, standard deviation and beta of Josh's stocks, the market portfolio and the risk$-$free asset.

$\backslash$table$[[$Asset$,$Exp Return,Std Dev,Beta$],[$Norman Harvey Holdings Ltd$,18\mathrm{.}1\%,15\mathrm{.}3\%,1\mathrm{.}3],[$BJ Hi$-$Fi Ltd$,12\mathrm{.}2\%,9\mathrm{.}9\%,0\mathrm{.}85],[$Market portfolio,$7\mathrm{.}7\%,9\mathrm{.}2\%,1],[$Risk$-$free asset,$2\mathrm{.}8\%,0\%,$O$]]$

What is the expected return on Tom's portfolio?

A

$-$

B

I

I