GetHired, an early-stage company currently unprofitable, has the following information:

Expected to generate $25 million of net income in 4 years
Some debt financing with a principal of $1 million with a 10-year maturity, fixed interest rate of 10% paid in kind
Book value of equity is $4 million
Comparable firms P/E, Beta, D/E ratios:
Apply Direct: 15, 1.4, 1/4
Nvoi: 25, 1.8, 2/5
Tax rate: 30%
Risk-free rate: 3%, market risk premium: 6%
Plan to invest $10 million with a liquidity discount of 30%
Calculate the cost of equity capital for GetHired using the average of comparable firms.

Unlevered beta for: