Benton Industries stock has a beta of $1\mathrm{.}2.$ The company just paid a dividend of $$\mathrm{.}50,$ and the dividends are expected to grow at $6$ percent per year. The expected return on the market is $11$ percent, and Treasury bills are yielding $4\mathrm{.}6$ percent. The current price of the company's stock is $$63.$

a$.$ Calculate the cost of equity using the DDM method. $($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$.$ Calculate the cost of equity using the SML method. $($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$