Carribean Style Industries wants to caculate the cost of funding their company. Their stock currently trades at $52 per share. They have other information that they think will help them understand the cost of this equity. The most recent dividend was $3.00 per share, and dividends are expected to grow at an annual rate of 5,1% Indefinitely What is the cost of equity? (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g. 12.34.) Cost of equity What formula did you use to calculate the cost of equity