Stock in Country Road Industries has a beta of 1.02. The market risk premium is 8.5 percent, and T-bills are currently yielding 3 percent. The company's most recent dividend was $1.8 per share, and dividends are expected to grow at a 4 percent annual rate indefinitely. If the stock sells for $33 per share, what is your best estimate of the company's cost of equity? (Do not round your Intermediate calculations.) Multiple Choice 9.34% O 9.67% 8.61% 11.67% 10.67% The Down and Out Co. just issued a dividend of $2.86 per share on its common stock. The company is expected to maintain a constant 7 percent growth rate in its dividends Indefinitely. If the stock sells for $50 a share, what is the company's cost of equity? (Do not round your Intermediate calculations.) Multiple Choice O 13.78% 12.46% 6.26% 12.72% 13.12%