ABC Corporation's common stock has a market risk premium coefficient of 7. The size and book to market coefficients are 1.5 and .45, respectively. The expected values for the market risk premium, size factor and market to book factors are .10, .06, and .17, respectively. If the risk-free rate is 2%, Find ABC's required rate of return based on the CAPM. Round intermediate steps and your final answer to four decimals and enter your answer in decimal format (ex: .XXXX).