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

stock beta $=1\mathrm{.}42$;

expected return on the Market $=11\mathrm{.}41\%$;

expected return on T$-$bills $=2\mathrm{.}12\%$;

current stock Price $=$ $$9\mathrm{.}64$;

expected stock price in one year $=$ $$12\mathrm{.}81$;

expected dividend payment next year $=$ $$1\mathrm{.}54.$

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