Stock in Daenerys Industries has a beta of 1.02. The market risk premium is 7 percent, and T-bills are currently yielding 4 percent. The company's most recent dividend was $1.8 per share, and dividends are expected to grow at a 5.5 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 11.14% 9.05% 10.89% 10.63%