Suppose Autodesk stock has a beta of 2.10 , whereas Costco stock has a beta of 0.71 . If the risk-free interest rate is 3% and the expected return of the market portfolio is 12.5%, what is the expected return of a portfolio that consists of 65% Autodesk stock and 35% Costco stock, according to the CAPM? The expected return is \%. (Round to two decimal places.)