COST OF COMMON EQUITY The future earnings, dividends, and common stock price of dividend was $2.40; and it will pay a $2.52 dividend at the end of the current year s common stock currently sell's for $23.25 per share; its last Callahan Technologies Inc. are expected to grow 5% per year. Callahan's common stock a. Using the DCF approach, what is its cost of common equity? Round your answer to two decimal places. Do not round your intermediate calculations market is 13%, what will be the firm's cost of common equity using the CAPM approach? Round your b. If the firm's beta is 1.80, the risk-free rate is 7%, and the average retum on the answer to two decimal places range discussed in Section 10-5 in your calculations. Round your answer to two decimal places a. Ir you have eoual confidence in the lnouts used for the threeapproaches, what is your estimate of Callahan's cost of common equity?Round your answer to two decimal places. Do not round your intermediate calculations