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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 2.5% every year

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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 2.5% every year and the current stock price is $184.3. Tesla is in the process of issuing new common stock, with flotation costs of 9% of the issue price. Part 1 What is the cost of new common stock? 4+ decimals Submit Attempt 2/10 for 10 pts.

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