Bunkhouse Electronics is a recently incorporated firm that makes electronic entertainment systems. Its earnings and dividends have been growing at a rate of 34.5%, and the current dividend yield is 6.50%. Its beta is 1.29, the market risk premium is 12.50%, and the risk-free rate is 3.10%. a. Use the CAPM to estimate the firm's cost of equity. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Answer is complete but not entirely correct. Cost of equity 41.00 X % b. Now use the constant growth model to estimate the cost of equity. (Do not round intermediate calculations. Enter your answer as a whole percent.) Answer is complete but not entirely correct. Cost of equity 16 X %