Stock in Daenerys Industries has a beta of 0.75. The market risk premium is 9.5 percent, and T-bills are currently yielding 5.5 percent. The company's most recent dividend was $1.6 per share, and dividends are expected to grow at a 5 percent annual rate indefinitely. If the stock sells for $30 per share, what is your best estimate of the company's cost of equity? Multiple Choice 9.75% 11.61% 8.5% 12.63% 9.75% 11.61% 8.5% 12.63% 10.6%