Stock in Daenerys Industries has a beta of 0.87. The market risk premium is 8.5 percent, and T-bills are currently yielding 5 percent. The company's most recent dividend was $1.7 per share, and dividends are expected to grow at a 6.5 percent annual rate indefinitely. If the stock sells for $37 per share, what is your best estimate of the company's cost of equity? Multiple Choice 9.92% 0 12.4% 11.89% 08.05% 11.39%