Can i please get the answer for the cost of equity? please show the work. I was having a little trouble finding the answer. I left that problem blank below.

Stock in CDB Industries has a beta of 1.05. The market risk premium is 7 percent, and T-bills are currently yielding 4.0 percent. CDB's most recent dividend was $2.90 per share, and dividends are expected to grow at a 5 percent annual rate indefinitely. The stock sells for $51 per share.

Required:Using the CAPM, what is your estimate of CDB's cost of equity?(Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimalplaces(e.g., 32.16).)

Cost of equity11.35%

Using the dividend discount model, what is your estimate of CDB's cost of equity?(Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimalplaces(e.g., 32.16).)

Cost of equity%

What is your best estimate of CDB's cost of equity?(Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimalplaces(e.g., 32.16).)

Cost of equity 11.16%