CCC Corp has a beta of $1\mathrm{.}5$ and is currently in equilibrium. The required rate of return on the stock is $12\mathrm{.}90\%$ versus a required return on an average stock of $10\mathrm{.}00\%.$ Now the required return on an average stock increases by $45\mathrm{.}0\%($not percentage points$).$ Neither betas nor the risk$-$free rate change. What would CCC$\text{'}$s new required return be$?$ Do not round your intermediate calculations.