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For the Wrangle Corporation stock, last year with a risk-free rate of 4.7% and a market risk-premium of 8.1%, the expected rate of return was

For the Wrangle Corporation stock, last year with a risk-free rate of 4.7% and a market risk-premium of 8.1%, the expected rate of return was 14.7%. This year, the market-risk premium decreases by 1% but the stock's beta and the risk-free rate remain the same; what is Wrangle stock's expected rate of return for this year? Answer as a percent to two places.

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