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4.) Higgo Lumber Company hired you to help estimate its cost of capital. You obtained the following data: next dividend =$1.25, share price today =$27.50

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4.) Higgo Lumber Company hired you to help estimate its cost of capital. You obtained the following data: next dividend =$1.25, share price today =$27.50 constant dividend growth =5% and flotation costs of new equity =6%. What is the cost of equity raised by selling newly issued stock

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