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Pickwick Corporation common stock currently sells for $72 per share. The firm recently paid a dividend of $5.85 per share. Analysts have forecast that earnings

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Pickwick Corporation common stock currently sells for $72 per share. The firm recently paid a dividend of $5.85 per share. Analysts have forecast that earnings and dividends will grow at an average annual rate of 10% per year. Flotation costs for new external equity are $5 per share. What is the company's cost of external equity? 19.60% 17.26% 24.13% 15.21% 18.94%

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