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16. You were recently hired by Sunflower Media Inc. to estimate WACC. You obtained the following common stock data: D 1 = $1.75; P 0

16. You were recently hired by Sunflower Media Inc. to estimate WACC. You obtained the following common stock data: D₁ = $1.75; P₀ = $115.00; g = 7.00% (constant); Flotation costs on new common stock (F) are 5.00%. What is the cost of new common stock financing?

Group of answer choices

a. 9.98%

b. 10.49%

c. 8.52%

d. 8.60%

e. 7.05%

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