Suppose that the market can be described by the following three sources of systematic risk with associated risk premiums.

Industrial production (I)	6%
interest rates (R)	2%
Consumer confidence	5%

Find the equilibrium rate of return on this stock using the APT. The T-bill rate is 7%. (Do not round intermediate calculations. Round your answer to 1 decimal place.)

The return on a particular stock is generated according to the following equation: r= 15% + 1.41 +0.7R + 0.90 C+ e