corporate finance

3. Suppose Stark limited, just issued a dividend of S2.08 per share on its common stock. The company paid dividends of S.71, 51.82, 51.93, and 51.99, per share in the last four years. If the stock currently sells for S45, what is your best estimate of the company's cost of equity capital using the arithmetic average growth rate in dividends? What if you use the geometricaverage growth rate