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Please show all of your work, thank you Quantitative Problem: Barton Industries expects next year's annual dividend, D1, to be $2.40 and it expects dividends

image text in transcribedPlease show all of your work, thank you

Quantitative Problem: Barton Industries expects next year's annual dividend, D1, to be $2.40 and it expects dividends to grow at a constant rate gL =4.1%. The firm's current common stock price, P0, is $24.00. If it needs to issue new common stock, the firm will encounter a 4.4% flotation cost, F. Assume that the cost retained earnings? Round your answer to 2 decimal places. Do not round intermediate calculations. 3% What is the cost of new common equity? Round your answer to 2 decimal places. Do not round intermediate calculations. \%

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