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(Cost of equity) Brille Corporation is issuing new common stock at a market price of $25. Dividends last year were $ 1.45 and are expected

(Cost of equity) Brille Corporation is issuing new common stock at a market price of $25. Dividends last year were $ 1.45 and are expected to grow at an annual rate of 11 percent forever. Flotation costs will be 11 percent of market price. What is Brille's cost of equity?

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