Consider the following information which relates to a given company: Item Earnings Per Share Price Per Share (Common Stock) Book Value (Common Stock Equity) Total Common Stock Outstanding Dividend Per Share 2019 Value $6.52 $40.83 $63.36 million 2.15 million $3.85 Analysts expect that the company could maintain a constant annual growth rate in dividends per share of 5.29% in the future, or possibly 7.03% for the next 2 years and 5.9% thereafter. In addition, it is expected that the risk of the firm, as measured by the risk premium on its stock, to increase immediately from 8.46% to 10.7%. Currently, the risk-free rate is 5.19%. Required: Determine the new required return for the firm's stock