A manager believes his firm will earn a return of $16\mathrm{.}30$ percent next year. His firm has a beta of $1\mathrm{.}84,$ the expected return on the market is $14\mathrm{.}00$ percent, and the risk$-$free rate is $3\mathrm{.}00$ percent.

Compute the return the firm should earn given its level of risk. $($Round your answer to $2$ decimal places.$)$

Required return

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