14-7. (Computing the cost of common equity) (Related to Checkpoint 14.2 on page 490) Tamlin Semiconductors Limited is based in Singapore and specializes in the design and manufacturing of high-end miniature camera circuits used in smartphones. They are planning to expand their existing factory and expect to fund the project through a public offer of SGD 20 per share. Last year, they paid an annual dividend of SGD 2 per share. Analysts expect the firm's future dividend to grow at an annual rate of 10 percent. Calculate the cost of equity for Tamlin Semiconductors.

-7. (Computing the cost of common equity) (Related to Checkpoint 14.2 on page 490) Tamlin Semiconductors Limited is based in Singapore and specializes in the design and manufacturing of high-end miniature camera circuits used in smartphones. They are planning to expand their existing factory and expect to fund the project through a public offer of SGD 20 per share. Last year, they paid an annual dividend of SGD 2 per share. Analysts expect the firm's future dividend to grow at an annual rate of 10 percent. Calculate the cost of equity for Tamlin Semiconductors