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Question 40 ABC Industries stock has a beta of 1 10 The company just paid a dividend of $2 16, and the dividends are expected to grow by 4%. The expected return on the market is 10%, and Treasury bills are yielding 3.2% The most recent stock price for the company is $72 Calculate the cost of equity using the CAPM method (Do not round intermediate calculations. Round the final answer to 3 decimal places.) For the toolbar, press ALT=F10 (PO) or ALT FN+F10 (Mac). Arial 14px A I. X a