Suppose Autodesk stock has a beta of

2.40,

whereas Costco stock has a beta of

0.73.

If the risk-free interest rate is

5.5%

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

nothing%.

(Round to two decimal places.)