You invested $240,000 in the following stocks: Stock Amount Beta ABC $67,200 0.93 DEF $67,200 1.33 $74,400 1.48 $31,200 1.28 GHI JKL If the risk-free rate is 6.3 percent and the market risk premium is 9.3 percent, what is the expected return on your portfolio? (Round intermediate calculations to 4 decimal places, e.g. 0.3612 and the final answer to 2 decimal places, e.g. 12.36%.) Expected return %