Western Story Beverages has a beta of 1.2. The market risk premium is 12 percent while T- bills are currently yielding 3.5 percent. Western Story's most recent dividend was $2.20 per share, and dividends are expected to grow at a 6.5 percent annual rate indefinitely. The stock sells for $35 a share. What is the difference in cost of equity between the CAPM and dividend discount approach? A. 0.51 percent B. 4.71 percent C. 13.19 percent D. 17.90 percent