Ginger Industries stock has a beta of $1\mathrm{.}40.$ The company just paid a dividend of $$\mathrm{.}90,$ and the dividends are expected to grow at $5$ percent. The expected return on the market is $11\mathrm{.}5$ percent, and Treasury bills are yielding $5$ percent. The most recent stock price is $$84\mathrm{.}75.$

a$.$ Calculate the cost of equity using the dividend growth model method.

Note: 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.

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

$\backslash$table$[[$a$.$ Cost of equity,$\%$