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Taggart Inc. ' s stock has a 5 0 % chance of producing a 4 0 % return, a 3 0 % chance of producing

Taggart Inc.'s stock has a 50% chance of producing a 40% return, a 30% chance of producing a 12% return, and a 20% chance of producing a -20% return. What is the firm's expected rate of refurn? Do not round your intermediate calculations.
a.19.60%
b.24.00%
c.20.40%,
d.32.00%
e.23.60%
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