State of Economy Boom Normal Bust Probability of State of Economy .30 1.40 .30 Rate of Return If State Occurs Stock A .27 .23 .01 Stock B .32 .18 -.32 Stock C .55 15 -.48 a-1 If your portfolio is invested 40 percent each in A and B and 20 percent in C, what is the portfolio expected return? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)