Check my work mode : This shows what is correct or incorrect for the work you have com 2 4.28 onts Stock in Daenerys Industries has a beta of 1.3. The market risk premium is 8 percent, and T-bills are currently yielding 4.5 percent. The company's most recent dividend was $1.70 per share, and dividends are expected to grow at an annual rate of 7 percent indefinitely If the stock sells for $34 per share, what is your best estimate of the company's cost of equity? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e..., 32.16.) Answer is complete but not entirely correct. Cost of equity 12.35 MacBook Air go F3 DO0 - ... II FA A # 3 $ 4 * 2 % 5 6 & 7 8