Intro Garden Depot has just paid an annual dividend of $3.5 per share. Analysts expect the firm's dividends to grow by 2% forever. Its stock price is $32.75 and its beta is 1.1. Its bonds have a yield to maturity of 7%, and the risk-premium of its stock over its bonds is 3%. The risk-free rate is 4% and the expected return on the market portfolio is 6%. The company is in the process of issuing new common stock, with flotation costs of 4% of the issue price. Part 1 - Attempt 1/3 for 10 pts. What is the cost of equity from retained earnings according to the CAPM? 3+ decimals Submit Part 2 | Attempt 1/3 for 10 pts. What is the cost of equity from retained earnings according to the DCF approach? 3+ decimals Submit | Attempt 1/3 for 10 pts. Part 3 What is the cost of equity from retained earnings according to the bond yield plus risk premium approach? What is your best guess for the cost of equity from retained earnings, using the midpoint of the range? Part 5 | Attempt 1/3 for 10 pts. What is the cost of equity from new common stock, according to the DCF approach with flotation costs? 3+ decimals Submit 8 | Attempt 1/3 for 10 pts. Part 6 What should be the flotation cost adjustment? 4+ decimals Submit Part 7 | Attempt 1/3 for 10 pts. Adjust the flotation cost adjustment on top of the cost of equity from retained earnings, what is your best guess for the cost of equity from new common stock