Quantitative Problem: Barton Industries estimates its cost of common equity by using three approaches: the CAPM, the bond-yieldplus-risk-premium approach, and the DCF model. Barton expects next year's annual dividend, D1, to be $2.30 and it expects dividends to grow at a constant rate g=3.2%. The firm's current common stock price, P0, is $20.00. The current risk-free rate, rRF, =4.5%; the market risk premium, RPMs=5.7%, and the firm's stock has a current beta, b1=1.20. Assume that the firm's cost of debt, rd is 15.36%. The firm uses a 2.7% risk premium when arriving at a ballpark estimate of its cost of equity using the bond-yield-plus-riskpremium approach. What is the firm's cost of equity using each of these three approaches? Round your answers to two decimal places. CAPM cost of equity