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Freddie was recently hired by Apacer Technology Inc. to estimate its cost of capital. Freddie obtained the following data: D = $2.10; Po = $105.80;

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Freddie was recently hired by Apacer Technology Inc. to estimate its cost of capital. Freddie obtained the following data: D = $2.10; Po = $105.80; g = 15.00% (constant); and F = 6.00%. What is the cost of equity raised by selling new common stock? 15.36% 17.11% 16.87% 17.43% 16.98%

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