TeachMeFinance has a beta of 0.93. The Treasury bill rate is 5 percent. The market risk premium is 8 percent. The company paid a $1.7 per share dividend a couple of days ago, and it is planning to increase its dividends at a 5 percent annual rate indefinitely. You also know that the company's shares of stock can now be purchased for $36 per share. Based on the above information, what is your best estimate of TeachMeFinance's cost of equity? (Do not round your Intermedlate calculatlons.) Multiple Cholce 779% 112% 9.96% 9.07% o 1244%