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Stock in Eduardo Industries has a beta of .91. The market risk premium is 7.1 percent, and T-bills are currently yieiding 4.1 percent. The most

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Stock in Eduardo Industries has a beta of .91. The market risk premium is 7.1 percent, and T-bills are currently yieiding 4.1 percent. The most recent dividend was $2.00 per share, and dividends are expected to grow at an annual rate of 5.1 percent, indefinitely. The stock sells for $42 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

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