The earnings, dividends, and stock price of 5 helby Ince, are expected to grow at 6% per year in the future. Shelby't cernmen stock salla for $24 per share, iss last dividend was s1. 50 , and the company will pay a dividend of 51.59 at the end of the current year a. Usine the disceureted cash fow approach, what is its cost of equity? Round your answer to two decimal placer. b. If the firm's beto is :i3, the risk-free rate is bwy and the expected return on the market is 12%, then what would be the firm's cost of equity based on the capm approach? Round vhie ancuet to two decimal plactes Found vour answer to two decimal plecti