Blossom Inc.'s common shares currently sell for $30 each. The firm's management believes that its shares should really sell for $40 each. The firm just paid an annual dividend of $2 per share and management expects those dividends to increase by 2 percent per year forever and this is common knowledge to the market). What is the current cost of common equity for the firm? (Round final answer to 2 decimal places, e.g. 15.25%.) The current cost of common equity for the firm e Textbook and Media What does management believe is the correct cost of common equity for the firm? (Round final answer to 2 decimal places, e.g. 15.25%.) Cost of common equity (as per firm's belief) e Textbook and Media