COST OF COMMON EQUITY The future earnings, dividends, and common stock price of Callahan Technologies Inc. are expected to grow $ per year. Callahan's committon stock currently sells for $21.00 per share, its last dividend was $2.20; and it will pay a $2.31 dividend at the end of the current year. 2. Using the DCF approach, what is its cost of common equity? Round your answer to two decimal places. Do not round your intermediate calculations, b. the firm's beta las 0.80the risk-free rate is 6%, and the average return on the market is 13% what will be the firm's cost of common equity using the CAP approach Round your to two decimal c. If the firm's bonds eam a return of 9%, based on the bond-yield-plus-risk premium approach, what will be rs use the midpoint of the risk premium range discussed in Section 10-5 in your calculations. Round your answer to two decimal places d. If you have equal confidence in the inputs used for the these approaches, what is your estimate of Cahanan's cost of common equity? Round your answer to two decimal places. Do not round your intermediate calculations Grade it Now Save & Continue