ABC Inc's stock had a required return of $12\mathrm{.}50\%$ last year, when the risk$-$free rate was $3\%$ and the market risk premium was $4\mathrm{.}75\%.$ 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 the company's new required rate of return in percentage? $($Hint: First calculate the beta, then find the required return.$)$

Do not round your intermediate calculations. Answer just the number without the $\%$ sign. Round to two decimal places.