Quantitative Problem: Barton Industries estimates its cost of common equity by using three approaches: the CAPM, the bond-yield-plus-risk premium approach, and the DCF model. Barton expects next year's annual dividend, Di, to be $2.10 and it expects dividends to grow at a constant rate 9L - 5.8%. The firm's current common stock price, Po, is $29.00. The current risk-free rate, RF, - 4.3%; the market risk premium, RPM, - 5.6%, and the firm's stock has a current beta, b, - 1.1. Assume that the firm's cost of debt, rd, is 8.15%. The firm uses a 3.6% risk premium when arriving at a ballpark estimate of its cost of equity using the bond-yield-plus-risk-premium approach. What is the firm's cost of equity using each of these three approaches? Do not round intermediate calculations. Round your answers to 2 decimal places. CAPM cost of equity: 5.73 % Bond-Yield-Plus-Risk-Premium: 12. 13 DCF cost of equity: 13.04 If you are equally confident of all three methods, then what is the best estimate of the firm's cost of equity? The best estimate is the average of the three approaches