Alghai Moose Transporters is considering investing in a one-year project that requires an initial investment of $475,000. To do so, it will have to issue new common stock and will incur a flotation cost of 2.00%. At the end of the year, the project is expected to produce a cash inflow of $550,000. The rate of return that Alpha Moose expects to eam on its projoct (net of its flotation costs) is (rounded to two decirmal places). Sunny Day Manufacturing Company has a current stock price of $22.35 per share, and is expected to pay a per-share dividend of $2.03 at the end of the year. The company's earnings' and dividends' growth rate are expected to grow at the constant rate of 8.70% into the foreseeable future. If Sunny Day expects to incur flotation costs of 3.750% of the value of its newly-raised equity funds, then the flotation-adjusted (net) cost of its new comimon stock (rounded to two decimal places) should be Apha Moose Transporters cois addition to eamings for this year is expected to be $420,000. Its target capital structure consists of 40% debt, 5% preferred, and 55\%4 equity. Determine Apha Moose Transporters's retained earnings breakpoint: 5878, 181 $763,636 $1,050,000 $687,272