(Cost of common equity) Falon Corporation is issuing new common stock at a market price of $28.57. Dividends last year were $1.36 and are expected to grow at an annual rate of 6.9 percent forever. What is Falon's cost of common equity capital? The company's cost of common equity is %. (Round to two decimal places.) Enter your answer in the answer box and then click Check Answer. All parts showing Clear All Check