Yonan Corporation's stock had a required return of 10.8% last year, when the risk-free rate was 4.4% and the market risk premium was 3.9%. Now suppose there is a shift in investor risk aversion, and the market risk premium increases by 1.5%. The risk-free rate and Yonan's beta remain unchanged. What is Yonan's new required return?

ENTER NUMBERS ONLY, DECIMAL IS ALLOWED; DO NOT USE "$" OR "%" OR "," AND ROUND YOUR ANSWER TO A MINIMUM OF 2 DECIMAL POINTS. I.E. 14.95% IS 14.95 NOT 0.1495