Rosana's Grill has a beta of 1.2, a stock price of $26 and an expected annual dividend of $1.30 a share, which is to be paid next month. The dividend growth rate is 4%. The market has a 10% rate of return and a risk premium of 6%. What is the average expected cost of equity for Rosana's Grill? 9.20% (B) 10.10% (C) 9.70% 10.30%