ProbiIsraa ee 1 minute ago Use the following data to answer Questions 19 through 21 Faye Harian, CFA, is estimating the cost of common equity for Cyrene Corporation. She prepares the following data for Cyrene Price per share - $50 Expected dividend per share = $3. Expected retention ratio (RR) = 30% Expected return on equity -20% Beta = 0.89 Yield to maturity on outstanding debt - 10% - The expected market rate of return is 12% and the risk- free rate is 3% The dividend is expected to grow at some constant rate 9, where g ROE RR The firm's target capital structure consists of 40% debt and 60% equity - The firm's marginal tax rate is 40% 19. Based on these data, Harlan determines the Cyrene's cost of common equity is 14%. Harlan most likely arrived at this estimate by using the: O A Dividend discounted model approach B. Capital asset pricing model approach C. Bond yield plus risk premium approach D A and B