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ABC Company's stock has a beta of 2.25, the risk-free rate is 3.25%, and the market risk premium is 7.25%. What is ABC's required rate

ABC Company's stock has a beta of 2.25, the risk-free rate is 3.25%, and the market risk premium is 7.25%. What is ABC's required rate of return using CAPM? Enter your answer rounded to two decimal places. Do not enter % in the answer box. For example, if your answer is 0.12345 or 12.345% then enter as 12.35 in the answer box.

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