b

4 points GHI Company's current share price is $20.3 and it is expected to pay a $0.8 dividend per share next year. After that, the firm's dividends are expected to grow at a rate of 5.9% per year. What is an estimate of GHI Company's cost of equity? Enter your answer as a percentage and rounded to 2 DECIMAL PLACES. Do not include a percent sign in your answer. Enter your response below. Click "Verify" to proceed to the next part of the question. Consider a firm that has 33% of debt. The rate of return for debt is 10% and the rate of return for equity is 13%. The corporate tax rate is 37%. What is the weighted average cost of capital? Enter your answer as a percentage and rounded to 2 DECIMAL PLACES. Do not include the percentage sign in your answer. Enter your response below. %