Stock in Country Road Industries has a beta of 1.46. The market risk premium is 7 1/2%, while T-bills are currently yielding 2 1/2%. Country Road's last dividend was $1.55 per share, and dividends are expected to grow at an annual rate of 4 1/2% indefinitely. The stock sells for $26 a share. What's the estimated cost of equity using the average return of the CAPM and the dividend discount model? A. 14.06%, B. 11.38%, C. 12.09%, D. 11.50%