Barngrover Corporation's stock had a required return of 11.00% last year, when the risk-free

Barngrover Corporation's stock had a required return of 11.00% last year, when the risk-free rate was 3.50% and the market risk premium was 5.00%. Then an increase in investor risk aversion caused the market risk premium to rise by 1.50% from 5.00% to 6.50%. The risk-free rate and the firm's beta remain unchanged. What is the company's new required rate of return?