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Assuming a constant growth rate of 8 . 2 % , Tinker's stock is currently selling for $ 1 2 per share. New common stock

Assuming a constant growth rate of 8.2%, Tinker's stock is currently selling for $12 per share. New common stock can be sold to net the company $11 per share. Determine the costs of internaland externalequity to Tinker's stock. Assume that the next expected dividend is $0.96.
12.3%;15.9%
15.9%;18.9%
18.1%;18.9%
16.2%;16.9%
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