Industrial Consolidated has a beta of $2\mathrm{.}34.$ Assuming a risk free rate of $2\mathrm{.}85\%$ and a market risk premium of $6\mathrm{.}75\%,$ what is the required return on the stock?

$18\mathrm{.}65\%$

$11\mathrm{.}98\%$

$15\mathrm{.}80\%$

$10\mathrm{.}57\%$

$13\mathrm{.}42\%$