(Cost of equity) MAM just declared a dividend of $3.2 per share of common stock. The current stock price is $25 per share. The dividend is expected to increase at a rate of 8% per year for the future. The beta of its common stock is 1.1 and the market risk premium is 9%. The risk-free rate =5%. According to the dividend growth model approach, the cost of the equity capital is \%. (WACC) Margo Corporation is a major producer of lawn care products. Its stock currently sells