Hastings Entertainment has a beta of 0.65. If the market return is expected to be 11 percent and the risk-free rate is 4 percent, what is Hastings' required return.

Here's how I worked the problem put but not coming up with other answers which is 8.55%

Expected return=(4%+0.65) x (11%-4%) =( .04+.65=.69) x (11%-4% = 7%) .69 x .07= .0483 What's wron with my calculation