Stock in CDB Industries has a beta of 1.11. The market risk premium is 7.1 percent, and T-bills are currently yielding 4.1 percent. CDBs most recent dividend was $3.50 per share, and dividends are expected to grow at an annual rate of 5.1 percent indefinitely.

The stock sells for $57 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.)

Cost of equity % 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.)

Cost of equity % 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.) Cost of equity %