SanDisk Corp. has a beta of 1.98. The U.S. Treasury rate is 3% and S&P 500 return is 8%. What is the requred rate of return of this stock? Round to the nearset hundredth percent. Answer in the percent format. Do not include % sign in your answer (i.e. If your answer is 4.33%, type 4.33 without a % sign at the end.)