CAPM Expected Return Calculation

Consider a stock that has an expected return of 12% and a beta of 1.5. The risk-free rate is currently 3%, and the market return is projected to be 10%. According to the Capital Asset Pricing Model (CAPM), what is the expected return of this stock based on its beta?

Recall that the CAPM formula is:

Expected Return = Risk-Free Rate + Beta * (Market Return - Risk-Free Rate)