Minder Industries stock has a beta of 1.25. The company just paid a dividend of $.40, and the dividends are expected to grow at 5 percent. The expected return on the market is 12 percent, and Treasury bills are yielding 5.3 percent. The most recent stock price for the company is $70. a. Calculate the cost of equity using the DCF method. (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e... 32.16.) b. Calculate the cost of equity using the SML method. (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, eg 32.16.) a. DCF method b. SML method