#6 Gritz Blitz is a corporation specializing in instant grits. An analyst has measured the beta for Gritz at 1.16. Currently, the risk free rate in the economy is 3.00%, while the market portfolio risk premium is 6.00%. Gritz currently trades at $10.00 per share. The analyst predicts a trading value of $10.30 next year for the company. What is the required return based on the analyst's information? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))