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Kovach Lumber Company hired you to help estimate its cost of capital. You were provided with the following data: D1 = $1.60; PO = $30.00;

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Kovach Lumber Company hired you to help estimate its cost of capital. You were provided with the following data: D1 = $1.60; PO = $30.00; g = 6.50% (constant); and F = 3.00%. What is the cost of equity raised by selling new common stock? 12.36% OA 11.50% . 12.00% OC. OD. 11.83%

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