GGM with CAPM

DU recently paid a dividend of $$1\mathrm{.}60.$ An analyst expects that the firm's dividend rate will grow

at a constant rate of $9\%$ indefinitely. He also determines DU's beta is $1\mathrm{.}05,$ the risk$-$free rate is

$2\mathrm{.}55\%,$ and the expected return on the market is $9\%.$

a$.$ What is the cost of equity?

$\%$

Round your answer to two decimals

b$.$ What is the current value of DU's shares?