Stock in CDB Industries has a beta of 1.07. The market risk premium is 7.2 percent, and T bills are currently yielding 4.2 percent. The most recent dividend was $3.10 per share, and dividends are expected to grow at an annual rate of 5.2 percent indefinitely. The stock sells for $53 per share. Using the CAPM, what is your estimate of the company's cost of equity? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Answer is complete and correct. Using the dividend discount model, what is your estimate of the company's cost of equity? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. What is your best estimate of the company's cost of equity? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct