Cornwell Industries stock has a beta of 1.10. The company just paid a dividend of $1.44, and the dividends are expected to grow at 4%. The expected return on the market is 10%, and Treasury bills are yielding 3.2%. The most recent stock price for the company is $72.

Calculate the cost of equity using the dividend growth model method.(Do not round intermediate calculations. Round the final answer to 2 decimal places.)

Calculate the cost of equity using the SML method.(Do not round intermediate calculations. Round the final answer to 3 decimal places.)