32) A firm has a beta of 1.57,EM is 14.3, risk-free rate is 5.5%. Dividends are expected to grow at a constant rate of 6.9%, the last dividend paid was $1.98, and P0 is $16.00. Using the SML approach, Re = , and using the DGM approach, RE= 19.32%;19.28% 19.32%;20.13% 27.95%;19.28% 27.95%,20.13% 19.32%;19.32% None of the above