1. The Walt Disnay Company would like to calculate its cost of equity. The company has a beta of 1.20. The market risk premium is 5% and the risk-free rate is 3%. Stock price today is $177.38, and it has paid the following dividends over the past 6 years.

Year	Dividend
2015	$1.29
2016	$1.37
2017	$1.49
2018	$1.62
2019	$1.72
2020	$1.82

1. Calculate dividend growth rate. Express your answers in percentage form with two decimal places 0.00%.
2. Calculate The Walt Disnay Companys Cost of Equity using dividend growth model. Express your answers in percentage form with two decimal places 0.00%.
3. Calculate The Walt Disnay Companys Cost of Equity using the CAPM. Express your answers in percentage form with two decimal places 0.00%.
4. Determine the cost of equity that you would use and explain why (1-2 sentences