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11.23. Please show work in Excel weights us Flotation Cost Sm share, that the firm an Cost Suppose that Brown-Murphies' common shares sell for $19.50

11.23. Please show work in Excel image text in transcribed
weights us Flotation Cost Sm share, that the firm an Cost Suppose that Brown-Murphies' common shares sell for $19.50 per at the firm is expected to set their next annual dividend at $0.57 per share, at all future dividends are expected to grow by 4 percent per year, indefinitely. Brown-Murphies faces a flotation cost of 13 percent on new equity issues, what will be the flotation-adjusted cost of equity? (LG11-8) toy

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