Stock in Eduardo Industries has a beta of 1.10. The market risk premium is 7 percent, and T-bills are currently yielding 4 percent. The most recent dividend was $3.40 per share, and dividends are expected to grow at an annual rate of 5 percent, indefinitely. The stock sells for $56 per share. Using the CAPM, what is your estimate of the company's cost of equity? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Using the dividend discount model, what is your estimate of the company's cost of equity? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16 . What is your best estimate of the company's cost of equity? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16