Runtan Inc. has just paid an annual dividend of $0.45 per share. Analysts expect the firm's dividends to grow by 6% forever. Its stock price is $35.3 and its beta is 1.5. The risk-free rate is 2% and the expected return on the market portfolio is 8%. Attempt 1/1 Part 1 What is the best guess for the cost of equity? (Need to use both SML and constant growth methods to estimate cost of equity) 4+ decimals Save