31 2 pts A firm's common stock is currently selling for $67 per share. The dividend expected to be paid at the end of the coming year is $5.85. The dividend has been growing at 4% per year. It is expected that to sell, a new common stock issue must be underpriced $1.16 per share and the firm must pay $1 per share in flotation costs. What will the cost (required return or rate) of the new issue of stock be? Post your answer as a percentage with 1 decimal place. 10.5 for example Question 32 2 pts Rogers Rattlesnake Ranch uses no preferred stock. Their capital structure uses 58% debt (hint: the rest is equity). Their marginal tax rate is 23.06 %. Their before-tax cost of debt is 4.64%. Rogers Rattlesnake Ranch's stock has a beta of 2.02. The current risk-free rate is 3.71%. and the overall market is expected to return 9% over the long-run. What is Rogers Rattlesnake Ranch's weighted average cost of capital (WACC)? Please enter without using the "%", but with two decimal places (in other words if you calculate 9.87%, then just enter 9.87)