Problem 17 You have until 12:00 PM to complete this assignment. Intro Runtan Inc. has just paid an annual dividend of $0.45 per share. Analysts expect the firm's dividends to grow by 4% forever. Its stock price is $35.8 and its beta is 1. The risk-free rate is 2% and the expected return on the market portfolio is 8%. Attempt 1/1 for 10 pts. Part 1 What is the best guess for the cost of equity? 3+ decimals Save