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Carla Vista Wok Co . is expected to pay a dividend of $ 2 . 0 one year from today on its common shares. That

Carla Vista Wok Co. is expected to pay a dividend of $2.0 one year from today on its common shares. That dividend is expected to increase by 5 percent every year thereafter. If the price of Carla Vista common stock is $8.00, what is the cost of its common equity capital?

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