Based on the information below: - Australian Government 10-year bond yield, currently 2.35% - Australian Government 20-year bond yield, currently 3.14% - Australian Government 30-year bond yield, currently 3.59% - Beta of Cupcake War Inc. in 2002 is 1.25, whereas in 2023 it is 0.975 - Average market return of Australian market in 2002 and 2023 is 13% and 15%, respectively Based on the figures above estimate the cost of equity of Cupcake War Inc. in 2023 using the CAPM