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Suppose In a Found Ltd. just issued a dividend of $2.79 per share on its common stock. The company paid dividends of $2.30, $2.53, $2.60,

Suppose In a Found Ltd. just issued a dividend of $2.79 per share on its common stock. The company paid dividends of $2.30, $2.53, $2.60, and $2.71 per share in the last four years. If the stock currently sells for $50, what is your best estimate of the companys cost of equity capital using the arithmetic average growth rate in dividends? (Do not round intermediate calculations and round your answer to 2 decimal places. (e.g., 32.16)) Cost of equity % What if you use the geometric average growth rate? (Do not round intermediate calculations and round your answer to 2 decimal places. (e.g., 32.16)) Cost of equity %

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