ginger industries stock has a beta of 1.25. the company just paid a dividend of $.40 and the dividends are expected to grow at 5 percent per year. the expected return on the market is 12 percent, and treasury bills are yielding 6.4 percent. the most recent stock price for the company is $81.
calculate the cost of equity using the ddm. (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)