Growfast Construction has preferred stock outstanding that pays a dividend of $2.36 per year. The current market price of the preferred stock is $42. What is the cost of preferred stock to Growfast? Cost of preferred stock = % (Round your answer to two decimal places) The return on the market is 11.8%. A firm's beta is 1.6 and the risk-free rate is 4.8%. The stock is currently selling for $20.16 and the next dividend is expected to be $2.17. The firm's growth rate is 5.2%. The cost of debt is 12.4%. Assume the equity risk premium is 3.6%. Estimate the cost of equity using the bond yield plus a premium approach. Cost of equity % Fred's Lawn and Garden's last dividend per share was $2.76. The stock sells for $19 pe share, and the expected growth rate for the company is 8%. Calculate the company's cost of equity Cost of equity 11 % (Round your answer to two decimal places.) Calculate the cost of common equity. Assume that the expected return on a market portfolio is 16%, thecompany's beta is 2.52, and the risk-free rate is 6%. 31.2% 35.6% 16% 18.7% Denver Ski Lodge has outstanding debt currently selling for $890. It matures in 5 years, pays interest semi-annually, and has an 8% coupon payment. If par is $1,000 and the tax rate is 40%, what is the after-tax cost of debt? After-tax cost of debt = % (Round your answer to two decimal places.)