Problem $5\mathrm{.}3($b$)$

Consider a risky portfolio. The end$-$of$-$year cash flow derived from the portfolio will be either $$60,000$ or $$170,000,$ with equal probabilities of $0\mathrm{.}5.$ The alternative riskless investment in T$-$bills pays $6\%.$

Suppose the portfolio can be purchased for the amount you found in Problem $5\mathrm{.}3($a$).$ What will the expected rate of return on the portfolio be$?($Do not round intermediate calculations. Enter your answer in percentages. Round your answer to the nearest whole percent.$)$