Musical Charts just paid an annual dividend of $194 per share. This dividend is expected to increase by 2.1 percent annually. Currently, the firm has a beta of 1.12 and a stock price of $31 s share. The risk-free rate is 4.3 percent and the market rate of return is 13.2 percent. What is the cost of equity capital for this firm? 13.42 percent 13.28 percent 11.95 percent 11.21 percent 12.29 percent