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Intro Tesla is expected to pay an annual dividend of $2.38 one year from now. Dividends are expected to grow by 3.8% every year and

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Intro Tesla is expected to pay an annual dividend of $2.38 one year from now. Dividends are expected to grow by 3.8% every year and the current stock price is $187.9. Tesla is in the process of issuing new common stock, with flotation costs of 11% of the issue price. Part 1 Attempt 1/5 for 10 pts. What is the cost of new common stock

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