A stock has a beta of 1.14, the expected return on the market is 10.8 percent, and the risk-free rate is 4.55 percent. What must the expected return on this stock be? (Do not round intermediate...

A stock has a beta of 1.14, the expected return on the market is 10.8 percent, and the risk-free rate is 4.55 percent. What must the expected return on this stock be? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)