Siebling Manufacturing Companys common stock has a beta of 0.8. If the risk-free return is 7% and the market offers a premium of 9% over the risk-free rate, what is the expected return on Sierblings common stock? Round to the nearset hundredth percent. Answer in the percent format. Do not include % sign in your answer (i.e. If your answer is 4.33%, type 4.33 without a % sign at the end.)