Stock in Daenerys Industries has a bete of 0.97. The market risk premium is 9 percent and T-bil are currently yelding 45 percent. The company's most recent dividend was $19 per share, and dividends are expected to grow at a 5.5 percent annual rate indefinitely If the stock sells for $12 per share, what is your best estimate of the company's cost of equity Mutip Choice o 32