LPY Ltd. has cash of $500,000 that will be used to create an investment portfolio. The portfolio will be invested evenly in two assets: an equity investment that has a beta of 1.70 and a one-year risk-free interest bearing certificate. The current risk-free rate inthe market is 3% and the market requires a 6% risk premium for equity securities.What one-year return should LPY Ltd. expect to earn on its portfolio?