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Stock in CDB Industries has a beta of 91. The market risk premium is 7.1 percent, and T-bills are currently yielding 4.1 percent CDB's most

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Stock in CDB Industries has a beta of 91. The market risk premium is 7.1 percent, and T-bills are currently yielding 4.1 percent CDB's most recent dividend was $2.00 per share and dividends are expected to grow at an annual rate of 5.1 percent indefinitely. The stock sells for $42 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 rou 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, o.g 32.16.) Cost of equity

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