Problem $13-6$ Calculating Expected Return $[$LO$1]$

Consider the following information:

$\backslash$table$[[$State of$,\backslash$table$[[$Probability of$],[$State of$]],\backslash$table$[[$Portfolio$],[$Return if State$]]],[$Economy$,$Economy,Occurs$],[$Recession$,\mathrm{.}18,-\mathrm{.}12],[$Normal$,\mathrm{.}54,\mathrm{.}14],[$Boom$,\mathrm{.}28,\mathrm{.}34]]$

Calculate the expected return. $($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

$\backslash$table$[[$Expected return,$\%$