com webapps/assessment take/launch.jsp?course assessment 41140 1&course_id=_32442 18.content_id Metal Shark Diesel... Pushing Back The D... C Salary per Year for... Alaska Commercial. The Sleepy Shack 6.298% QUESTION 3 Empire Electric Company (EEC) uses only debt and common equity. It can borrow unlimited amounts at an interest rate of rd = 10.8% as long as it finances at its target capital structure which calls for 45% and the rest in common equity. Its last dividend (Do) was $3.25 its expected constant future growth rate is 6%, and its common stock sells for $32.1. EEC's tax rate is 34%. What is EEC's after tax cost of debt? QUESTION 4 Holtzman Clothiers stock currently sells for $25.86 per share. The company just paid a dividend of $3.62 per share. The dividend is expected to grow at a constant rate of 5.8% per year. If the company issued new stock, it would incur a 11% flotation cost. What would be the cost of equity from new stock? State your answer as a percentage to 2 decimal places