Suppose Autodesk stock has a beta of 2.17, whereas Costco stock has a beta of 0.76. If the risk-free interest rate is 5.5% and the expected return of the market portfolio is 13.0%, 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 nothing%. (Round to two decimal places.)