$($Capital asset pricing model$)$ MFI Inc. has a beta of $0\mathrm{.}88.$ If the expected market return is $15\mathrm{.}0$ percent and the risk$-$free rate is $7\mathrm{.}0$ percent, what is the appropriate required return of MFI $($using the CAPM$)?$

Using the CAPM, the appropriate required return of MFI is

$\%.($Round to two decimal places.$)$