Quantitative Problem: Barton Industries estimates its cost of common equity by using three approaches: the CAPM, the bond-yield-plus-riskpremium approach, and the DCF model. Barton expects next year's annual dividend, D1, to be $1.50 and it expects dividends to grow at a constant rate g=5.2%. The firm's current common stock price, P0, is $20.00. The current risk-free rate, raf, =4.6%; the market risk premium, RPM, =5.9%, and the firm's stock has a current beta, b, = 1.30. Assume that the firm's cost of debt, rd, is 10.23%. The firm uses s. 2.9% 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? Round your answers to two decimal places. chpM cost of equity: um: 3%