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Blue Sky Corporation common stock currently sells for $64 per share. The firm recently paid a dividend of $4.85 per share. Analysts have forecast that

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Blue Sky Corporation common stock currently sells for $64 per share. The firm recently paid a dividend of $4.85 per share. Analysts have forecast that earnings and dividends will grow at an average annual rate of 9% per year. Flotation costs for new external equity are $4 per share. What is the company's cost of external equity? 14.62% O 17.26% 21.99% 18.21% % O 17.81%

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