Apha Moose Transporters has a current stock price of $33.35 per share, and is expected to pay a per-share dividend of $2.03 at the end of the year. The company's eamings' and dividends' growth rate are expected to grow at the constant rate of 8.70% into the foreseeable future. If Alpha Moose expects to incur flotation costs of 6.50% of the value of its newly-raised equity funds, then the flotation-adfusted (net) cost of its new common stock (rounded to two decimal places) should be White Uon Homebuliders Co:is addntion to earnings for this year is expected to be $420,000. Its target capital structure consists of 35% debt, 5% prefered, and 60% equity. Determine White Lion Homebulders's retained earnings breakpoint: $840,000 $330,000 3075,000 $700,000