You are considering investing in a mutual fund. The fund is expected to earn a return of 16 percent in the next year. If its annual return is normally distributed with a standard deviation of 23 percent, what return can you expect the fund to beat 95 percent of the time? (Note: Write your answer as decimals with three decimal places. For example, if you answer is -8.7%, you should write -0.087 in the answer box. DO NOT write -8.7 in the box as you will be marked wrong).