You are evaluating an investment that will have three different returns under different economic outcomes. Given the information below, what is the expected return of an investment in LMNO Corp.?

There is a 20% chance of Recession where LMNO Corp returns -8%

There is a 50% chance of Average Growth where LMNO Corp returns 16%

There is a 30% chance of Rapid Growth where LMNO Corp returns 36%

Round your answer to 1 decimal place.