Stock in Country Road Industries has a beta of 127. The market risk premium is 9 percent, and its currently yielding 3 percent. The company's most recent dividend was $16 per share, and dividends expected to grow at a 7.5 percent annual rate indefinitely. If the stock sells for $39 per share, what is yout best estimate of the company's cost of equity? (Do not round your intermediate calculations) 14.43% O 11.91% O 13.17% O 11.47% O 10.62%