Check my w MC algo 14-5 Cost Of Equity Average Rossdale Co. stock currently sells for $71.77 per share and has a beta of 117 The market risk premium is 760 percent and the risk-free rate is 3.10 percent annually. The company just paid a dividend of $4.09 per share, which it has pledged to increase at an annual rate of 3 90 percent indefinitely. What is your best estimate of the company's cost of equity