Stock in Daenerys Industries has a beta of 1.29. The market risk premium is 9 percent, and T-bills are currently yielding 2.5 percent. The company's most recent dividend was $1.9 per share, and dividends are expected to grow at a 6 percent annual rate indefinitely. If the stock sells for $33 per share, what is your best estimate of the company's cost of equity? Multiple Choice 11.69% 13.11% 10.89% 12.1% 14.11%