You manage an equity fund with an expected risk premium of 8.57% and a standard deviation of 19.32%. The rate on Treasury bills is 6.50%. Your client chooses to invest $65,000 of her portfolio in your equity fund and $40,000 in a T-bill money market fund. What is the expected return on your client's portfolio? 0 7.78% cannot determine due to insufficient information 11.96% O 8.40% 9.52% 11.81% O 12.94% 08.84%