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

stock beta = 1.39;

expected return on the Market = 12.77%;

expected return on T-bills = 2.41%;

current stock Price = $5.34;

expected stock price in one year = $13.67;

expected dividend payment next year = $4.1.

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