13. Douglass & Frank has a debt-equity ratio of .51. The pretax cost of debt is 7.8 percent while the unlevered cost of capital is 12.6 percent . What is the cost of equity if the tax rate is 21 percent? (2 points) O 14.25 percent 14.14 percent 14,81 percent 13.75 percent 14.53 percent 14. Assume an investment has cash flows of - $39,700, $21,750, $18,500, and $7,500 for Years 0 to 3, respectively. What is the NPV if the required return is 12.9 percent? Should the project be accepted or rejected? (2 points) 5710 reject $820, reject 5788: reject 5710 accept $820accept 6. Highway Express has paid annual dividends of $1.32. $1.33. $1.38, $1.40, and $1.46 over the past five years, respectively. What is the average dividend growth rate? (2 Points) 2.93 percent 1.80 percent 1.71 percent 2.18 percent 256 percent 19. Nelson Paints recently went public by offering 50,000 shares of common stock to the public. The underwriters provided their services in a best efforts underwriting. The offering price was set at $17.50 a share and the cross spread was $2.70. After completing their sales efforts, the underwriters determined that they sold a total of 45,500 shares. How much cash did the company receive from its IPO? (2 points) O $635,000 $605 500 5684,500 $71 1.000 5673.400