--/1 Question 8 View Policies Current Attempt in Progress Sandhill Inc's common shares currently sell for $31 each. The firm's management believes that its shares should really sell for $40 each. The firm just paid an annual dividend of $2 per share and management expects those dividends to increase by 4 percent per year forever (and this is common knowledge to the market). What is the current cost of common equity for the firm? (Round final answer to 2 decimal places, eg. 15.25%) The current cost of common equity for the firm e Textbook and Media correct cost of common equity for the firm? (Round final answer to 2 decimal places What does management believe is 15.25%.) Cost of common equity (as per firm's belief) e Textbook and Media Submit Answer MacBook Air