1. DEF sold stock by underpricing it by $2.00 from its current stock price. It also had a floatation cost of $1.000. It is expected to pay $1.50 as dividend next year with a dividend growth of 8%. Its current stock price is $32.40. What is its cost of new equity? Answer the rate in whole numbers. For example, I'd answer is 12.832%, and we is 12.83 2. Cody Inc. issues a bond at a discount $20. The bond matures in 20 years and has a coupon of 7.5%. ABC incurred $30 in underwriting costs on this issue. What is the after tax cost from this bond issue, assuming a tax rate of 40%? 3. ABC Inc. expects to pay $4.40 dividend next year (2021). The current market price of the stock is $40. The dividends are growing at 5% each year. ABC plans to issue some new stocks. They feel that they need to underprice their stock issue by $2 and incur an additional $2 as flotation cost. What will be the cost of retained earnings? Enter answer in % not decimals