You are currently working at a publicly traded company. The risk-free rate in the economy right now is 2.45%. You believe the market will average 5.08% per year over the long run. Your company's stock has a beta of 0.7. What is the required return for your company's stock? (Please enter the percent return without the % sign at the end since Canvas doesn't like that symbol in numerical answers - for instance 20.45 for 20.45%)