Please work out Problem

Nagel Equipment has a beta of 0.96 and an expected dividend growth rate of 3.50% per year. The T-bill rate is 4.00%, and the T-bond rate is 5.75%. The annual return on the stock market during the past 4 years was 10.25%. Investors expect the average annual future return on the market to be 15.25%. Using the SML, what is the firm's required rate of return? Do not round your intermediate calculations.