Musical Charts just paid an annual dividend of $1.46 per share. This dividend is expected to increase by 3.3 percent annually. Currently, the firm has a beta of 1.09 and a stock price of $36 a share. The risk-free rate is 4.2 percent and the market rate of return is 12.6 percent. Calculate the cost of equity using the Dividend Growth Method. RE=% Calculate the cost of equity using the Security Market Line approach. RE=% What is the cost of equity capital for this firm? RE=%