Floyd Industries stock has a beta of 115. The company just paid a dividend of $.75 and the dividends are expected to grow at 4.5 percent per year. The expected return on the market is 11 percent and Treasury bills are yielding 3.7 percent. The most recent stock price for the company is $84. a. Calculate the cost of equity using the dividend growth method. b. Calculate the cost of equity using the SML method. (For all requirements, do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) a. DGM model b. SML method % %