Stock in Daenerys Industries has a beta of 0.91. The market risk premium is 9.5 percent, and T-bills are currently yielding 4.5 percent. The company's most recent dividend was $1.9 per share, and dividends are expected to grow at a 6.5 percent annual rate indefinitely. If the stock sells for $39 per share, what is your best estimate of the company's cost of equity? rev: 09_20_2012 Multiple Choice 11.69% 12.42% 9.05% 10.57% 13.14%