Question 11)	Cost of equity with DDM -Orance INC's Common stock is currently priced at $65.50. The firm just paid $5.00 per share as its annual dividend. The dividends have been increasing by 3.5 percent annually and are expected to continue doing the same. What is the cost of equity?
(3 points)
Growth Rate		3.50%
Last Dividend		$ 5.00
Next Dividend (D1)		$ 5.04
Price per Share		$ 65.50
Cost of Equity (DDM)