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Mikkelson Corporation's stock had a required return of 11.75% last year, when the risk-free rate was 5.50% and the market risk premium was 4.75%. Then

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Mikkelson Corporation's stock had a required return of 11.75% last year, when the risk-free rate was 5.50% and the market risk premium was 4.75%. Then an increase in investor risk aversion caused the market risk premium to rise by ?%. The risk-free rate and the firm's beta remain unchanged. What is If-company's new required rate of return? (I lint: I irst calculate the beta, then find the required return.)

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