Stock in Daenerys Industries has a beta of 1.01. The market risk premium is 9 percent, and T-bills are currently yielding 3.5 percent. The company's most recent dividend was $1.7 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 11.61% 12.59% 10.62% 10.04% 9.06%