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Gremlin Industries will pay a dividend of $ 1.35 per share this year. It is expected that this dividend will grow by 5% per year

Gremlin Industries will pay a dividend of $ 1.35 per share this year. It is expected that this dividend will grow by 5% per year each year in the future. The current price of Gremlin's stock is $ 23.20 per share. What is Gremlin's equity cost of capital?

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