FIN340 common shares sell for $17.45 per share. FIN340 expects to set its next annual dividend at $1.60 per share. If FIN340 expects future dividends to grow by 3.0% per year indefinitely, the current risk-free rate is 2.5%, the expected return on the market is 8.5% percent, and the stock has a beta of 1.65 a) what is the firms cost of equity using the CAPM? b) Using the constant growth model?