The earpingz, dividends, and stock price of Sheiby ine. are expected to grow at 4% per year in the future. Sheiby's common stock sells for 329 per share, fa last ovidens was \$2.00, and the company will pay a dividend of $2.08 at the end of the current year. a. Uano the discounted cash fiow approach, what is its cost of equity? Round your answer to two decimal places. b. If the firm's beta is 1.3, the risk-free rate is 9%, and the expected return on the market is 11%, then what would be the firm's cost of equity based on the Caks aboroach? Round your answer to two decimal places. c. If thit firm's bonds eam a return of 94s, then what would be your estimate of is using the own-bond-yield-plus-judgmental-riak-premium approach? (Hint: Use that mid-point of the risk premium range-) Round your answer to two decimal places. d. On the basis of the results of parts a-c, what would be your estimate of Shelby's cost of equity? Assume Sheiby values each approach equally. Round your wer to two decimal places