Suppose Autodesk stock has a beta of 2.17, whereas Costco stock has a beta of 0.73. If the risk-free interest rate is 6 % and the expected return of the market portfolio is 12.0 % , what is the expected return of a portfolio that consists of 60 % Autodesk stock and 40 % Costco stock, according to the CAPM?

The expected return is %? (Round to two decimal places.)