The risk$-$free rate is $3\mathrm{.}87\%$ and you believe that the S&P $500\text{'}$s excess return will be $10\mathrm{.}11\%$ over the next year. If you invest in a stock with a beta of $1\mathrm{.}46($and a standard deviation of $30\%),$ what is your best guess as to its expected excess return over the next year?

The expected excess return of the stock over the next year is

$\%.($Round to two decimal places.$)$