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Suppose Lighthouse Way, Incorporated, issued dividends according to the below profile. a. If the stock currentiy selis for $48, what is your best estimate of

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Suppose Lighthouse Way, Incorporated, issued dividends according to the below profile. a. If the stock currentiy selis for $48, what is your best estimate of the company's cost of equity capital using the arithmetic average growth rate in dividends? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e9,3,32.16.) b. What if you use the geometric average growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) 3+tab e ou $2+abeau 4+tab eau {+b+abeau

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