Homework: Chapter 13 Homework (Copy) Score: 0 of 1 pt P 13-17 (similar to) 4 of 13 (10 complete) HW Score: 64.1%, 8.33 of 13 Question Help Growth Company's current share price is $20 15 and it is expected to pay a 50 35 dividendeshwe next year. Atter that, the 's dividends are expected to grow at a rate of 3.0 per year What is an estimate of Growth Company's cost of equity? b. Growth Company also has preferred stock outstanding that w as 30 per shwe found dividend. If this stocks cut priced at $2796, what is Growth Company's cost of preferred stock? c. Growth Company has existing debt issued three years ago with a coupon rate of 56% The first sud new debt with a court of 65% What is Growth Company's cost of debt? d. Growth Company has 4 million common shares outstanding and 13 million preferred he a ding and its equity has a total book value of $50 milion. Its ties have a market value of $20 milion I Growth Company's common and preferred shares are priced in parts () (bwhat is the market value of Growth Compty's ? e. Growth Company faces a r e. Given the information in parts a) through (d) and your awwers to the problems, what is Growth Company's WACC? Note: Assume that the form wil ways be able to utilize its fullest shield a What is an estimate of Growth Company's cost of equity The required retum cost of capital of lovered equity is Round to two decimal places