Expected cash dividends are $2.00, the dividend yield is 5%, flotation costs are 6% of price, and the growth rate is 3%. Compute the approximate cost of new common stock. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Multiple Choice 10.42% 8.07% 8.32% 9.32% Assume a corporation has earnings before depreciation and taxes of $105,000, depreciation of $50,000, and that it has a 30% combined tax bracket. What are the after-tax cash flows for the company? Multiple Choice $88,500 $83,300 $93,100 $92,300