(Cost of common equity) Falon Corporation is issuing new common stock at a market price of $27.74. Dividends last year were $1.32 and are The company's cost of common equity is %. (Round to two decimal places.) market price of $27.74. Dividends last year were $1.32 and are expected to grow at an annual rate of 7.8 percent forever. What is Falon's cost of common equity capital? 5 (Cost of common equity) Falon Corporation is nouing new common stock at a market price of $27.74. Dividends last year were $1.32 and are expected to grow at an annual rate of 7.8 percer The company's cost of common equity's % (Round to two decimal places)