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TecPoint Inc. is an internet company with a beta of 1.3 that has been stable overtime. John, The Chief Financial Officer (CFO) of the company

TecPoint Inc. is an internet company with a beta of 1.3 that has been stable overtime. John, The Chief Financial Officer (CFO) of the company thinks that, given the market conditions for technology stocks, the beta of the company will be around 1.3 going forward. The risk free rate rf = 4.29% and the expected market return E(rM ) = 9.08%. What is the cost of equity for TecPoint?

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