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Brille Corporation is issuing new common stock at a market price of $25. Dividends last year were $1.50 and are expected to grow at an

Brille Corporation is issuing new common stock at a market price of $25. Dividends last year were $1.50 and are expected to grow at an annual rate of 12 percent forever. Flotation costs will be 11 percent of market price. What is? Brille's cost of? equity?

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