Ginger Industries stock has a beta of $1\mathrm{.}25.$ The company just paid a dividend of $$\mathrm{.}40,$ and the dividends are expected to grow at $5$ percent. The expected return on the market is $12$ percent, and Treasury bills are yielding $4\mathrm{.}7$ percent. The most recent stock price for the company is $$64.$a$.$ Calculate the cost of equity using the DGM method. $($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$b$.$ Calculate the cost of equity using the SML method. $($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$