On their latest income statement, Kyle's Credit Intermediation reported sales of $655,000, costs of $384,000, depreciation of $107,400, and dividends of $90,471. The company's return on equity is 9.4 percent, and they face a 21 percent tax rate. Assuming the ratio of dividends to earnings in constant, estimate the growth rate of dividends.

Kyle's Credit Intermediation has a debt-equity ratio of 0.90 and a tax rate of 21 percent. What is the company's overall required rate of return? WACC =