Ginger Industries stock has a beta of $1\mathrm{.}30.$ The company just paid a dividend of $$\mathrm{.}30,$ and the dividends are expected to grow at $4$ percent. The expected return on the market is $13$ percent, and Treasury bills are yielding $6\mathrm{.}3$ percent. The most recent stock price for the company is $$80.$

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$.,32\mathrm{.}16.)$