Calculate the required rate of return for Mudd Enterprises assuming that investors expect a 3.7% rate of inflation in the future. The real risk-free rate is 1.5%, and the market risk premium is 8.0%. Mudd has a beta of 2.5 , and its realized rate of return has averaged 12.0% over the past 5 years. Round your answer to two decimal places. Calculate the required rate of return for Mudd Enterprises assuming that investors expect a 3.7% rate of inflation in the future. The real risk-free rate is 1.5%, and the market risk premium is 8.0%. Mudd has a beta of 2.5 , and its realized rate of return has averaged 12.0% over the past 5 years. Round your answer to two decimal places