You own a portfolio that has $$3,000$ invested in Stock A and $$4,000$ invested in Stock $B.$

If the expected returns on these stocks are $8$ percent and $11$ percent, respectively, what

is the expected return on the portfolio? $($Do not round intermediate calculations and

enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Portfolio expected return