Noble Tech Inc. uses the Capital Asset Pricing Model (CAPM) to estimate its cost of equity. Based on the current market condition, the best estimate on the risk-free rate is 1.8%, and the market risk premium is 7%. If the company's beta equals 1.3 , then using CAPM, Noble Tech's cost of equity is . (Write your answer as a decimal with three decimal places. For example, if your answer is 4.6%, write 0.046 in the box)