Ginger Industries stock has a beta of $1\mathrm{.}30.$ The company just paid a dividend of $$\mathrm{.}30$ and

the dividends are expected to grow at $4$ percent per year. The expected return on the

market is $13$ percent, and Treasury bills are yielding $6$ percent. The most recent stock

price for the company is $$77.$

a$.$ Calculate the cost of equity using the DDM$.($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 CAPM. $($Do not round intermediate calculations

and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Answer is complete but not entirely correct.