Mackeraie Company has a price of 538 and whl issoe a dividend of $2.00 next year. It has a beta of 1.2, the risk.free nate is 5.4% and the market risk premum is estimalod to be 5.2%. a. Estimate the equity cost of capital for Mackenaie. b. Under the CDGM, at what rate do you neod to expect Mackorzie's divisende to grow to got the same equity cost of capital as in part (a)? a. Estimate the equity cost of capnal for Mackenzie. The equity cost of capital for Mackorieie is (Round to two decinal places)