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Answer ASAP PLEASE The common stock of Bibi Corporation Inc. currently sells for $66.25 per share. The most recent dividend paid was $5.10. The firm

Answer ASAP PLEASE The common stock of Bibi Corporation Inc. currently sells for $66.25 per share.

The most recent dividend paid was $5.10.

The firm has a dividend growth rate of 4% that is expected to continue indefinitely.

The corporations tax rate is 40%.

What is the firms after-tax cost of common equity?

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