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

stock beta $=1\mathrm{.}43$;

expected return on the Market $=9\mathrm{.}47\%$;

expected return on T$-$bills $=1\mathrm{.}56\%$;

current stock Price $=$ $$9\mathrm{.}7$;

expected stock price in one year $=$ $$13\mathrm{.}04$;

expected dividend payment next year $=$ $$2\mathrm{.}61.$

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