Stock in Daenerys Industries has a beta of 0.78. The market risk premium is 8.5 percent, and T-bills are currently yielding 5 percent. The company's most recent dividend was $1.9 per share, and dividends are expected to grow at a 6 percent annual rate indefinitely. If the stock sells for $39 per share, what is your best estimate of the company's cost of equity? Multiple Choice 9.65% 11.63% 7.73% 11.16% Multiple Choice 9.65% 11.63% 7.73\% 11.16\% 11.4%