The stock of AK Steel (AKS) has a beta a 3.50. The expected return on the market is 10 percent and the risk-free rate of return is 4 percent. What is the expected return on AKS stock?

a. 35.00 percent

b. 14.00 percent

c. 24.00 percent

d. 21.00 percent

e. 25.00 percent

PLEASE show all work!