Due to its limited history, the beta of Boston Turkey Inc. cannot be estimated from past prices. You do have information about comparable listed firms and their betas: The comparable firms all have the same tax rate as Boston Turkey (40\%). Boston Turkey's debt ratio is 50%. The 3-month Treasury bill rate is 1% and the 10 -year Treasury bond rate is 3%. The market risk premium is 4%. The small company size premium is 0.5%. Compute the median unlevered beta for comparables and calculate the cost of equity for Boston Turkey Inc