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Need this answered please Cost of equity) Brile Corporation is issuing new common stock at a market price of $31. Dividends last year were $1.30

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Cost of equity) Brile Corporation is issuing new common stock at a market price of $31. Dividends last year were $1.30 and are expected 10 grow at an annusi rate of 8 percont forevec. Fictatch posts will be 9 percent of market price. What is Brille's cost of ecuity? Brille's cost of exiemal common equity is \%. (Round to two decimal places)

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