You invested $70,000 in the following stocks: Stock Amount Beta ABC $9,800 0.76 DEF $14,700 1.16 GHI $9,800 1.31 JKL $35,700 1.11 If the risk-free rate is 4.6 percent and the market risk premium is 7.6 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