Mary Catherine Coffee's, Inc. has a beta of 1.13 . If the current rate on Treasury Bills is observed to be 4.5% and the stock market has an expected risk premium requirement of 8%, investors can expect a return of 11.96% on the stock. What is the required rate of return?

a. 9.04%

b. 13.54%

C. 4.54%

d. Cannot be determined from the information provided

e. None of the answers provided is correct