Q.5321 Greystone Asset Managers' investment analyst argues that a company's Fama-French main dependencies are:

	Value
HML	−0.66
SMB	1.36
Beta	0.35

Because of its advantages over its competitors, the analyst believes the company can produce an additional 2.5% return every year. The market forecast is as follows:

Expected return on equities	11.5%
SMB	3.2%
HML	0.0%
Risk free rate	1.7%

The expected return of the company is closest to?