inger Industries stock has a beta of $1\mathrm{.}20.$ The company just paid a dividend of $$\mathrm{.}50$ and the dividends are expected to grow at $6$ percent per year. The expected return on the market is $11$ percent, and Treasury bills are yielding $4\mathrm{.}9$ percent. The most recent stock price for the company is $$66.$

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