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You have $136,000 to invest in a portfolio containing Stock X, Stock Y, and a risk-free asset. You must invest all of your money. Your

You have $136,000 to invest in a portfolio containing Stock X, Stock Y, and a risk-free asset. You must invest all of your money. Your goal is to create a portfolio that has an expected return of 16 percent and that has only 86 percent of the risk of the overall market. If X has an expected return of 42 percent and a beta of 1.6, Y has an expected return of 21 percent and a beta of 1.3, and the risk-free rate is 7 percent, how much money will you invest in Stock Y? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)

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