TIC, a company specializing in artificial intelligence, is currently trading at $30 a share on the Toronto Stock Exchange. By consulting several financial analysts, you were able to gather the following information: The risk-free rate of return: 4.5% Market rate of return: 18% The beta of the TIC title: 0.89 The dividend distributed 1 day ago is around $1 The return on shareholders' equity (RAA) is around 7.75% The dividend distribution rate is around 20% Based on the information above:

Calculate the required rate of return on the shares of the company TIC