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please answer in 10 min (Cost of equity) MAM just declared a dividend of $3.9 per share of common stock. The current stock price is

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(Cost of equity) MAM just declared a dividend of $3.9 per share of common stock. The current stock price is $42 per share. The dividend is expected to increase at a rate of 7% per year for the future. The beta of its common stock is 1.7 and the market risk premium is 3%. The risk-free rate=4.6%. According to the SML(CAPM) equation, the cost of the equity capital is %

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