Mackenze Company has a price of $33 and will issue a dividend of $2.00 next year, It has a beta of 1.3, the risk.free rate is 5.2%, and the market risk premium is essimated to be 5.2%. a. Estimate the equity cost of capilal for Mackenzie. b. Under the CDGM, at what rate do you need to expect Mackenzie's dividends to grow to get the same equity cost of capital as in part (a)? a. Estimate the equity cost of capitai for Mackenzie. The equity cost of capital for Mackenaie is. 4. (Round to two decimal places.) b. Under the CGDM, at what rate do you need to expect Mackenie's dividends to grow to get the same equity cost of capital as in part (a)? The expected groath rate for dividends is (h. (Round to two decimal places)