Costly Corporation is considering using equity nancing. Currently, the rm's stock is selling for $71.00 per share. The rm's dividend for next year is expected to be $4.10 with an annual growth rate of 8.0% thereafter indenitely. If the rm issues new stock, the otation costs would equal 15.0% of the stock's market value. The rm's marginal tax rate is 40%. What is the rm's cost of internal equity? 12.99% 14.79% 14.24% 15.34% 13.77%