Beige Inc. plans to issue a stock and wants to find out the cost of equity. They found that the similar companys beta was 1.3. The risk free rate is 3% and the market return is 10%. What is the cost of equity(Required rate of return)?

Group of answer choices

a. 15.3 percent

d. 9.20 percent

e. 8.98 percent

c. 12.1 percent

b. 13.2 percent