Cooley Company's stock has a beta of $1\mathrm{.}24,$ the risk$-$free rate is $2\mathrm{.}25\%,$ and the market risk premium is $5\mathrm{.}50\%.$ What is the firm's required rate of return? Do not round your intermediate calculations.

Group of answer choices

$9\mathrm{.}07\%$

$7\mathrm{.}07\%$

$10\mathrm{.}07\%$

$10\mathrm{.}88\%$

$8\mathrm{.}25\%$