Banyan Co.'s common stock currently selis for $46.75 per share. The growth rate is a constant 7%, and the company has an expected dividend yleld of 2%. The expected long-run dividend payout ratio is 30%, and the expected return on equity (ROE) is 10.0%. New stock can be sold to the public at the current price, but a flotation cost of 10% would be incurred. What would be the cost of new equity? Do not round intermediate calculations. Round your answer to two decimal places. Trovis tndustriet pisht to issue perpetual preferred stock with an $11.00 dividend. The stock is currently selling for $85,50, but flototion costs wili be 994 in of the menwet price, so the net price will be $77.81 per share, What is the cost of the preferred stock, including flotation? Round your answer to two cecimal pleces. Hook Industries's capital structure consists solely of debt and common equity, It can issue debt ot rd =1295, and its common stock currently pays a $3.00 dividend per share (D0=$3.00). The stock's price is currently $32.25, its dividend is expected to grow at a constant rate of 5% per year, its tax rate is 25%, and its WACC is 12.35%. What percentage of the company's capital structure consists of debt? Do not round intermediate colculatons. Round your answer to two decimal plisces. 5. Problem 10.09 (WACC) ieng-term deht waints th.117. The hith hes 576 sheres of common stock outstanding that teil for s.4.00 oer shara