An analyst gathered the following information for a stock and market parameters:

stock beta $=1\mathrm{.}09$;

expected return on the Market $=10\mathrm{.}42\%$;

expected return on T$-$bills $=2\mathrm{.}97\%$;

current stock Price $=$ $$8\mathrm{.}68$;

expected stock price in one year $=$ $$14\mathrm{.}23$;

expected dividend payment next year $=$ $$1\mathrm{.}23.$

Calculate the required return for this stock. Please share your answer as a percentage rounded to $2$ decimal places.