Martha's Pancake House, Inc. just paid its annual dividend of $0.80 a share. The stock has a market price of $13.00 and a beta of 1.04. The return on U.S. Treasury bills is 2.5 percent and the market risk premium is 7.3 percent. What is Martha's cost of equity?

		9.89 percent
		10.09 percent
		10.37 percent
		10.65 percent
		11.02 percent