Stock in Country Road Industries has a beta of 0.82. The market risk premium is 9.5 percent, and T-bills are currently yielding 2.5 percent. The company's most recent dividend was exist1.7 per share, and dividends are expected to grow at a 4.5 percent annual rate indefinitely. If the stock sells for exist37 per share, what is your best estimate of the company's cost of equity? (Do not round your intermediate calculations.) 8.97% 10.29% 8.24% 9.8% 93%