Required: Suppose two factors are identified for the US. econorny: the growth rate of industrial production, IP, and the inflation rate, IR iP is expected to be 4% and IR 5%. A stock with a beta of 1 on IP and 0.6 on IR currently is expected to provide a fate of retuin of 16%, if industrial production actually grows by 5%, whilie the inflation rate turns out to be 6%, what is your best guess for the rate of return on the stock? (Round your answer to 1 decimal place.)