Nifty Bikes is a publicly trading company that is trying to determine their cost of equity using the dividend discount model. Nifty Bikes just paid a dividend of $1.32 per share. Historically, dividends have grown by about 3.8% per year. Nifty Bikes shares are currently trading for $26.59 a share. What is Nifty Bikes' cost of equity? Question 4 1 pts You've recently started a job working for Netflix. One of your first tasks is to find the cost of equity using the CAPM. Based on recent market data, you estimate that Netflix's beta is 1.23 . The expected return on the market is 9%, and the current risk-free rate is 2%. What is Netflix's cost of equity (according to CAPM)