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Suppose Wacken, Limited just issued a dividend of $ 2 . 6 0 per share on its common stock. The company paid dividends of $

Suppose Wacken, Limited just issued a dividend of $2.60 per share on its common stock. The company paid dividends of $2.10,$2.17, $2.34, and $2.44 per share in the last four years. If the stock currently sells for $79, what is your best estimate of the company's cost of equity capital using arithmetic and geometric growth rates?
Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g.,32.16.
\table[[Cost of equity using arithmetic growth rate,%
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