Suppose Autodesk stock has a beta of

2.10,

whereas Costco stock has a beta of

0.74.

If the risk-free interest rate is

4.5%

and the expected return of the market portfolio is

12.5%,

what is the expected return of a portfolio that consists of

70%

Autodesk stock and

30%

Costco stock, according to the CAPM?

Question content area bottom

Part 1

The expected return is

enter your response here%.

(Round to two decimal places.)