Ginger Industries stock has a beta of $1\mathrm{.}25.$ The company just paid a dividend of $$\mathrm{.}40,$ and the dividends are expected to grow at $5$ percent. The expected return on the market is $12$ percent, and Treasury bills are yielding $6\mathrm{.}1$ percent. The most recent stock price for the company is $$78.$

a$.$

Calculate the cost of equity using the DGM method. $($round to $2$ decimal places$)$

b$.$ Calculate the cost of equity using the SML method. $($round to $2$ decimal places$)$