Bunkhouse Electronics is a recently incorporated firm that makes electronic entertainment systems. Its earnings and dividends have been growing at a rate of $33\mathrm{.}0\%,$ and the current dividend yield is $5\mathrm{.}00\%.$ Its beta is $1\mathrm{.}26,$ the market risk premium is $11\mathrm{.}00\%,$ and the risk$-$free rate is $3\mathrm{.}40\%.$

Use the CAPM to estimate the firm$$s cost of equity.

Note: Do not round intermediate calculations. Enter your answer as a percent rounded to $2$ decimal places.

Now use the constant growth model to estimate the cost of equity.

Note: Do not round intermediate calculations. Enter your answer as a whole percent.

Which of the two estimates is more reasonable?