Problem $11-2$ Portfolio Expected Return $[$LO $1]$

You own a portfolio that has $$3,200$ invested in Stock A and $$4,300$ invested in Stock B$.$ Assume the expected returns on these stocks are $12$ percent and $18$ percent, respectively. What is the expected return on the portfolio?

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$