NADA INC's stock had a required return of 11.00% last year, when the risk-free rate was 2.0% and the market risk premium was 4.75%. Then an increase in investor risk aversion caused the market risk premium to rise by 2.5%. The risk-free rate and the firm's beta remain unchanged. What is the company's new required rate of return? (Hint: First, calculate the beta, and then find the required return.) Do not round your intermediate calculations.