Musical Charts just paid an annual dividend of $3.28 per share. This dividend is expected to increase by 1.9 percent annually. Currently, the firm has a beta of 1.65 and a stock price of $22 a share. The risk-free rate is 2.8 percent and the market rate of return is 14 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=%