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EZPT, Inc. is calculating their weighted average cost of capital. They currently have two million shares of common stock outstanding that are selling for $24.00

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EZPT, Inc. is calculating their weighted average cost of capital. They currently have two million shares of common stock outstanding that are selling for $24.00 per share. The next dividend is expected to be $1.75 and future dividends are expected to grow by 7% annually. Calculate the cost of equity capital using the Constant Growth Model 13.58% 12.60% 14.29% 11.00%

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