Intro Runtan Inc. has just paid an annual dividend of $0.45 per share. Analysts expect the firm's dividends to grow by 4% forever. Its stock price is $37.1 and its beta is 1. The risk-free rate is 2% and the expected return on the market portfolio is 8%. Part 1 IB Attempt 2/5 for 4.9 pts. What is the best guess for the cost of equity? (Need to use both SML and constant growth methods to estimate cost of equity) 4+ decimals Submit