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Question 14 Not yet answered Marked out of 9.00 The earnings, dividends, and stock price of a firm are expected to grow by 6% per year in the coming years. The firm's common stock sells for $25 per share. The company's last year's dividend was $2 per share. The company will pay a divided of $2.17 per share at the end of this financial year. a) What is the company's cost of equity from retained earnings (ks) using the Discount Cash Flow approach? b) If the firm's beta is 1.55, the risk-free rate is 11%, and the average return on the market is 13%, what is the company's cost of equity (kg) from retained earnings using the CAPM approach? . c) If the bond of the company earns a return of 12%, what will ks be if the risk premium is 2% using the Bond-Yield-Plus- Risk-Premium approach? . d) Based on the results from parts a) through c), what would you estimate the firm's cost of retained earnings ks to be? Flag question NOTE: Show your working and provide your answer in percentage form to 2 decimal places. 7 B I % >