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16. You were recently hired by Sunflower Media Inc. to estimate WACC. You obtained the following common stock data: D1 = $1.90; Po = $95.00;

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16. You were recently hired by Sunflower Media Inc. to estimate WACC. You obtained the following common stock data: D1 = $1.90; Po = $95.00; g = 7.00% (constant); Flotation costs on new common stock (F) are 5.00%. What is the cost of new common stock financing? a. 9.11% b. 9.00% C. 8.52% d. 8.60% e. 7.05%

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