David developed a simple three factor model to explain the actual excess stock return of a security i. She will use unexpected GDP surprises, interest rate surprises and regulatory surprises. Her final model for RAS stock has an Expected Excess return of 0.5% and the factor betas for growth, interest rates and regulatory factor equal to 1.5, -1.0 and 0.25. The mean of the firm specific term ei = 0. If the growth, interest rates and regulatory surprises are +4.0%, -2.0%, and +4.0%, then the expected excess return for RAS stock will be