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Bunkhouse Electronics is a recently incorporated firm that makes electronic entertainment systems

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Bunkhouse Electronics is a recently incorporated firm that makes electronic entertainment systems. Its earnings and dividends have been growing at a rate of 38.0%, and the current dividend yield is 10.00%. Its beta is 1.36, the market risk premium is 16.00%, and the risk-free rate is 2.40%. a. Use the CAPM to estimate the firm's cost of equity. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Cost of equity 48.00% b. Now use the constant growth model to estimate the cost of equity. (Do not round intermediate calculations. Enter your answer as a whole percent.) Cost of equity 21 % c. Which of the two estimates is more reasonable? ????? Growth model