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(Coef ol equily Brile. Corporation is issuing new conunon slock at a nuarket price of 534 . Dividends last year were 51.30 and are expected

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(Coef ol equily Brile. Corporation is issuing new conunon slock at a nuarket price of 534 . Dividends last year were 51.30 and are expected to grow at an annual rate of 7 percent soriver. Flotation costs wit be 9 percant of market price. What is Bille's cost of equity? Brille's cual of extamal canmon equity is 5. (Round to two decimal places)

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