Stock in Daenerys Industries has a beta of 0.82. The market risk premium is 9.5 percent, and T-bills are currently yielding 4 percent. The company's most recent dividend was $1.7 per share, and dividends are expected to grow at a 4.5 percent annual rate indefinitely. If the stock sells for $37 per share, what is your best estimate of the company's cost of equity? 9 Multiple Choice 10.55% 11.79% 9.3% 8.51% 9.119