A financial consultant is conducting an analysis to estimate the projected returns for a newly established fund. This fund is designed to mirror the performance movements of the China Shanghai Composite Stock Market Index (SHANGHAI) but with a volatility that is double that of the index. The SHANGHAI index exhibits an expected annual return of 7.6% and a volatility rate of 14.0%. Additionally, the current risk-free rate is 3.0% per annum. Given that the correlation coefficient between the returns of the new fund and the index is perfectly positive (1.0), calculate the expected return of the fund using the Capital Asset Pricing Model (CAPM).