A) The Cookie Crisp Corporations Industries just issued a dividend of $2.1 per share on its common stock. The company paid dividends of $1.52, $1.68, $1.72, and $1.9 per share in the last four years. If the stock currently sells for $34, what is your best estimate of the companys cost of equity capital using the arithmetic average growth rate in dividends?

B) The Cookie Crisp Corporations common stock has a beta of 2.31. If the risk-free rate is 1.15 percent and the expected return on the market is 11.91 percent, what is the companys cost of equity capital?