Southern Wear stock has an expected return of 14.6 percent. Given the information below, what is the expected return on this stock if the economy is normal? Round your answer to the nearest whole percentage.

State of Economy	Probability	Rate of Return
Recession	0.15	-0.05
Normal	0.8	?
Boom	0.05	0.2

Select one:

a. 13 percent

b. 17 percent

c. 18 percent

d. 21 percent

e. 23 percent