6 TeachMeFinance has a beta of 0.62. The Treasury bill rate is 5 percent. The market risk premium is 8 percent. The company paid a $1.6 per share dividend a couple of days ago, and it is planning to increase its dividends at a 3.5 percent annual rate indefinitely. You also know that the company's shares of stock can now be purchased for $37 per share. Based on the above information, what is your best estimate of TeachMeFinance's cost of equity? (Do not round your intermediate calculations.) points Multiple Choice 798% 6.86% 9.96% 762% 8.97%