If the Apiando's share price at 6 August 2022 is $42.88 whereas beta is 1.77. US government bond at the same period is 3.75%, and the average return of NASDAQ at 6 August 2022 is 13%. REQUIRED: Estimate the cost of equity using the Capital Asset Pricing Model (show all workings). If Appiando's beta is reduced to 0.87, what does that mean for the investors