The investor decides to diversify by investing $4,000 in Gryphon stock and $8,000 in Royal stock, which has an expected return of 8% and a standard deviation of 11.1%. The correlation coefficient for the two stocks' returns is 0.9.

Gryphon stock has an expected return of 11.85% and a standard deviation of 7.12%

Calculate the expected return and standard deviation of the portfolio. Round your answers to 2 decimal places.