Lausanne Group has a stock price of $47.25, a beta of 1.2 , and is expected to pay an annual dividend of $1.25 per share one year from today. Dividends are expected to grow 7.5 percent per year, forever. What is the estimated cost of equity? 10,15 percent 12.17 percent 10.34 percent 2.64 percent 2.84 percent