Use the following information to answer the question(s) below.

Firm	Portfolio Weight	Volatility	Correlation with market portfolio
Taggart Transcontinental	0.30	14%	0.7
Wyatt oil	0.30	18%	0.6
Rearden metal	0.40	15%	0.5

The volatility of the market portfolio is 10%, the expected return on the market is 12%, and the risk-free rate of interest is 4%.

a) The beta for the portfolio of the three stocks is closest to:

b) What is the expected return of the portfolio of the three stocks?