Calculating Expected Return Using CAPM

In the context of the Capital Asset Pricing Model (CAPM), investors are interested in understanding the relationship between the expected return on an asset and its risk as compared to the market. The model represents this relationship through the equation:

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

Consider an asset with a beta of 1.2, the expected market return is 10%, and the risk-free rate is 3%. What is the expected return on the asset according to the CAPM?