Crane Inc.'s common shares currently sell for $42 each. The firm's management believes that its shares should really sell for $56 each. If the firm just paid an annual dividend of $2 per share and management expects those dividends to increase by 5 percent per year forever (and this is common knowledge to the market). Problem 13.20 a1-a2 (Solution Video)(a1) What is the current cost of common equity for the firm? (Round intermediate calculations and final answer to 2 decimal places, e.g. 15.25\%.) The current cost of common equity for the firm %