Hilliard Corp. wants to calculate its weighted average cost of capital (WACC). The company's CFO has collected the following information: - The company's long-term 30-year semi-annual bonds are currently sold at $900 and coupon rate is 8 percent and par value is $1,000. - The company does not have preferred stock. - The company's common stock price is $30 per share (P0=$30 ). - The company recently paid a dividend of $2 per share (D0=$2.00). - The dividend is expected to grow at a constant rate of 5 percent a year (g=5%). - The company pays a 10 percent flotation cost whenever it issues new common stock (F=10%) - The company's target capital structure shows $200 million debt and $300 million common equity. - The company's tax rate is 40 percent What is the company's cost of common stock if the company anticipates issuing new common stock during the upcoming year? Please pick the closest answer. 12.0250% 12.7778% 14.5477% 15.6255%