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please help!!! Jarett & Sons's common stock currently trades at $24.00 a share. It is expected to pay an annual dividend of $2.00 a share

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Jarett \& Sons's common stock currently trades at $24.00 a share. It is expected to pay an annual dividend of $2.00 a share at the end of the year (D1=$2.00), and the constant growth rate is 4% a year. a. What is the company's cost of common equity if all of its equity comes from retained earnings? Do not round intermediate calculations. Round your answer to two decimal places. % b. If the company issued new stock, it would incur a 10% flotation cost. What would be the cost of equity from new stock? Do not round intermediate calculations. Round your answer to two decimal places. % Pearson Motors has a target capital structure of 35% debt and 65% common equity, with no preferred stock. The yield to maturity on the company's outstanding bonds is 8%, and its tax rate is 25%. Pearson's CFO estimates that the company's WACC is 11.30%. What is Pearson's cost of common equity? Do not round intermediate calculations. Round your answer to two decimal places. %

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