Stock X has a standard deviation of 25% and a correlation coefficient of 0.7 with market returns. The expected return of the market is 13.3% with a standard deviation of 15%. The risk-free rate is 3.6%. What is the required return of Stock X? The required return of Stock X is % (Note: please retain at least 4 decimal places in your calculations and at least 2 decimal places in the final answer.)