19. A company just paid a $2.00 per share dividend on its common stock (D0 = $2.00). The dividend is expected to grow at a constant rate of 7 percent per year. The stock currently sells for $42 a share. If the company issues additional stock, it must pay its investment banker a otation cost of $1.00 per share. What is the cost of external equity, re? A) 11.88% B) 12.22% C) 11.98% D) 11.76% E) 12.30%