The future earnings, dividends, and common stock price $2.60 dividend at the end of the current year. end of the curent nc. are expected to grow 4% per year. Callahan's common stock currently sells for $29.75 per hare; its last dividend was $2.50; and it will pay a are axpactd of Callahan Tec hnologiest a. Using the DCF approach, what is its cost of common equity? Round your answar to two dacimal places. Do not round your intarmediate calculations. b. If the firm's beta is 2.20, the risk-free rate is 4%, and the average return on the market is 14%, what will be the firm's cost of common equity using the CAPM approach? Round your answer to two decimal places c. If tho. firm's bonds arn a return of 9% based or th bor d yield-p us risk Premium approach what wil b?rs? Use the midpoint of th nsk premium rance discussed in Section 10 5in your calculation Round your answer to two decimal places d. If you have equal confidence in the inputs uzed for the three opproaches, what is your estimate of Callahan's coat of common equity? Round your anwer to two decimal places. Do not round your intermediate calculations