You have $16,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 16 percent and Stock Y with an expected return of 10 percent. Assume your goal is to create a portfolio with an expected return of 13.50 percent.

Required:

How much money will you invest in Stock X and Stock Y? (Do not round intermediate calculations.Round your answers to 2 decimal places (e.g., 32.16).)

Investment in Stock X	$
Investment in Stock Y	$