Stock in CDB Industries has a beta of .90. The market risk premium is 7 percent, and T-bills are currently yielding 3.5 percent. CDB's most recent dividend was $2.40 per share, and dividends are expected to grow at a 5 percent annual rate indefinitely. If the stock sells for $47 per share, what is your best estimate of CDB's cost of equity (hint: average the estimates from both methods)? 9.41% 9.80% 10.08% 12.48% 10.36%