TJ Company stock has a beta of $1\mathrm{.}63,$ the current risk$-$free rate is $5\mathrm{.}93$ percent, and the expected return on the market is $14\mathrm{.}18$ percent. What is TJ Company's cost of equity?

Multiple Choice

$19\mathrm{.}38\%$

$29\mathrm{.}04\%$

$32\mathrm{.}78\%$

$21\mathrm{.}74\%$