Rossdale Co. stock currently sells for $69.13 per share and has a beta of.89. The market risk premium is 7.20 percent and the risk-free rate is 2.93 percent annually. The company just paid a dividend of $3.61 per share, which it has pledged to increase at an annual rate of 3.30 percent indefinitely What is your best estimate of the company's cost of equity? Multiple Choice 9.71% 7.87% 902% 8.22% 673%