(Cost of equity) Brille Corporation is issuing new common stock at a market price of $25. Dividends last year were $1.65 and are expected to grow at an annual rate of 9 percent forever. Flotation costs will be 9 percent of market price. What is Brille's cost of equity?

Brille's cost of external common equity is _____%. (Round to two decimal places.)

(Cost of debt) Brille Corporation is issuing a $1,000 par value bond that pays 9 percent annual interest and matures in 8 years. Investors are willing to pay $965 for the bond. Flotation costs will be 13 percent of market value. The company is in a 30 percent tax bracket. What will be the firm's after-tax cost of debt on the bond?

The firm's after-tax cost of debt on the bond will be _____%. (Round to two decimal places.)

(Cost of internal equity) Brille Corporations common stock is currently selling for $27.36. Dividends paid last year were $0.60. Flotation costs on issuing stock will be 11 percent of market price. The dividends and earnings per share are projected to have an annual growth rate of 7 percent. What is the cost of internal common equity for Pathos?

The cost of internal common equity for Brille is _____%. (Round to two decimal places.)