HighGrowth Company has a stock price of $21. The firm will pay a dividend next year of $1.02, and its dividend is expected to grow at a rate of 3.7% per year thereafter. What is your estimate of HighGrowth's cost of equity capital? The required return (cost of capital) of levered equity is%. (Round to one decimal place.) Wild Swings, Inc.'s stock has a beta of 2.7. If the risk-free rate is 6.1% and the market risk premium is 7.2%, what is an estimate of Wild Swings' cost of equity? Wild Swings, Inc.'s cost of equity capital is %. (Round to one decimal place.)