9. A firm's stock is selling for $80. The next annual dividend is expected to be $3.00. The growth rate is 7%. The flotation cost is $4. What is the cost of retained earnings? (Round your answer to 2 decimal places.) 10. Assume a corporation has earnings before depreciation and taxes of $85,000, depreciation of $40,000, and that it has a 40% combined tax bracket What are the after- tax cash flows for the company? 11. A project requires an investment of $1,100 and has a net present value of $400 If the internal rate of return is 8%, what is the profitability index for the project? (Round your answer to 2 decimal places.) 12. The Wet Corp. has an investment project that will reduce expenses by $25,000 per year for 3 years. The project's cost is $15,000. If the asset is part of the 3-year MACRS category (33.33% first year depreciation) and the company's combined tax rate is 34%, what is the cash flow from the project in year 1? (Do not round intermediate calculations Round your answer to the nearest dollar amount