Stock in ABC Enterprises has a beta of 1.28. The market risk premium is 74 percent, and T-bills are currently yielding 3.6 percent ABC'S dividend was $162 per share, and dividends are expected to grow at an annual rate of 2 percent indefinitely. If the stock sells for $38 as estimate of ABC's cost of equity? Multiple Choice 9.78 percent a 782 percent o 9.71 percent 9:41 percent a 7.41 percent