Brochure Inc. needs to determine their cost of equity capital. The current market price of stock is $22.89, the risk-free rate is 2.25%, the required return on the market portfolio is 8.50%, the firm has a constant growth rate in dividends of 3.00% per year, its current dividends are $2.00, and its beta is 1.15. What is Brochure's cost of equity using the Security Market Line equation? about 8.55% about 10.44% about 12.55% about 9.44%