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You are a financial manager of a firm and are asked to assess the cost of capital of your firm. You know that Your firm

You are a financial manager of a firm and are asked to assess the cost of capital of your firm.
You know that
Your firm is going to pay dividend $3 per share
The current stock price is $60 per share
Firm beta is 10% lower than market average
Constant growth rate is 3%
Expected market return is 10% and risk free rate is 2%
There is totally 10 million of outstanding shares of stocks, and for each dollar equity, firm issued $1.5 debt
Cost of borrowing/issuing bond is 5%
Corporate tax rate 30%
What is the cost of equity (common stock) using dividend growth model ?(keep 4-digit after decimal point, e.g.,0.1234)
What is the cost of equity (common stock) using CAPM model ?(keep 3-digit after decimal point, e.g.,0.123)
What is the WACC for your firm using cost of equity from CAPM ?(keep 4-digit after decimal point, e.g.,0.1234)

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