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A stock has the following statistics as of 03/31/22: Stock price: $74.82 Risk free rate: 1.30% Beta: 1.08 Market return: 9.80% Annual dividend: $1.75 Growth

A stock has the following statistics as of 03/31/22:
Stock price: $74.82 Risk free rate: 1.30%
Beta: 1.08 Market return: 9.80%
Annual dividend: $1.75 Growth rate: 7.20%
What is its cost of equity using the dividend growth model (DGM)?

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