Alberta Oilsands Inc. has a share price of $34 and an expected EPS of $7 next year. The company currently pays out 100% of earnings as dividends, but is considering a new policy of paying out just 30% of dividends. Retained earnings are expected to earn a return of 6.7%. What is the cost of equity? Part 2 Attempt 1/10 for 10pts. What will be the next dividend under the new policy? Part 3 Attempt 1/10 for 10pts. What will be the growth rates of earnings and dividends under the new policy? Part 4 Attempt 1/10 for 10pts. What will be the share price under the new policy