Quantitative Problem: Barton Industries estimates its cost of common equity by using three approaches: the CAPM, the bond-yield-plus-risk-premium approach, and the DCF model. Barton expects next year's annual dividend, D1, to be $1.50 and it expects dividends to grow at a constant rate g = 3.2%. The firm's current common stock price, Po, is $25.00. The current risk-free rate, ref. = 4.5%; the market risk premium, RP, = 5.9%, and the firm's stock has a current beta, b, = 1.35. Assume that the firm's cost of debt, rd, is 3.04%. The firm uses a 2.9% risk premium when arriving at a ballpark estimate of its cost of equity using the bond-yield-plus-risk- premium approach. What is the firm's cost of equity using each of these three approaches? Round your answers to two decimal places. CAPM cost of equity: Bond yield plus risk premium: DCF cost of equity: What is your best estimate of the firm's cost of equity