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last year the black water inc paid dividend of 4.99. companys dividends are expected to grow at an annual rate of 3% forever. the companys

last year the black water inc paid dividend of 4.99. companys dividends are expected to grow at an annual rate of 3% forever. the companys common stock is currently selling on the market for $50.06. the investments banker will charge flotation costs $2.19 per share. calculate the cost of common equity financing using Gordon model

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