Rossdale Co. stock currently sells for $71.55 per share and has a beta of 1.16. The market risk premium is 770 percent and the risk-free rate is 3.14 percent annually. The company just paid a dividend of $4.05 per share, which it has pledged to increase at an annual rate of 3.85 percent indefinitely. What's your best estimate of the company's cost of equity? Multiple Choice O 9.66% 11.74% 10.08% 10.90% Rossdale Co. stock currently sells for $71.55 per share and has a beta of 1.16. The market risk premium is 770 percent and the risk-free rate is 3.14 percent annually. The company just paid a dividend of $4.05 per share, which it has pledged to increase at an annual rate of 3.85 percent indefinitely. What's your best estimate of the company's cost of equity? Multiple Choice O 9.66% 11.74% 10.08% 10.90%