Stock A has a beta of 0.8 and an expected return of 12% Stock B has a beta of 1.5 and an expected return of 15%. If CAPM holds, what should the required rate of return on the Stock C, which has a beta of 1.3? (Note: please retain at least 4 decimal places in your calculations and 2 decimal places in your final answer.)

The required rate of return on Stock C is __________ %.