ABC Corporation's stock had an expected return of 11.75% last year, when the risk-free rate was 5.50% and the MARKET RISK PREMIUM was 4.75%. Then an increase in investor risk aversion caused the MARKET RISK PREMIUM to rise by 2%. The risk-free rate and the firm's beta remain unchanged. What is ABC stocks new expected rate of return? (Hint: First calculate beta, and then find the expected return.)