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Cost of Capital- Falcon Technologies is issuing new common stock. Using information below, what is Falcons cost of equity? Market price of $28. Dividends last

Cost of Capital-

Falcon Technologies is issuing new common stock. Using information below, what is Falcons cost of equity?

Market price of $28.
Dividends last year were $1.30 and are expected to grow at an annual rate of 7% forever.
Flotation costs will be 6% of market price.

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