Benton Industries stock has a beta of $1\mathrm{.}25.$ The company just paid a dividend of $$\mathrm{.}40,$ and the dividends are expected to grow at $5$ percent per year. The expected return on the market is $12$ percent, and Treasury bills are yielding $6\mathrm{.}4$ percent. The current price of the company's stock is $$81.$

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$.,32\mathrm{.}16.)$

$\backslash$table$[[,,],[$a$.,$DDM method,,$\%$