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Adventure Outfitter Corp. Can sell common stock for $27 per share and its investors required a 17% return. However, the administrative or flotation costs associated

Adventure Outfitter Corp. Can sell common stock for $27 per share and its investors required a 17% return. However, the administrative or flotation costs associated with selling the stock amount to $2.70 per share. What is the cost of capital for Adventure Outfitter if the corporation raises money by selling common stock

A. 27.00

B. 18.89

C. 18.33

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