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Suppose In a Found Ltd. just issued a dividend of $1.13 per share on its common stock. The company paid dividends of $0.80, $0.90, $0.96, and $1 per share in the last four years. If the stock currently sells for $41, your best estimate of the company’s cost of equity capital using the arithmetic average growth rate in dividends is _____ percent. If you use the geometric average growth rate, your best estimate is ______ percent. (Do not include the percent signs (%). Round your answers to 2 decimal places. (e.g., 32.16))

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