Pls help with Question 6

Question 6 2 points A corporation is considering issuing new common stock (a seasoned equity offering). The common stock will sell for $25.38, will pay a dividend of $1.68 at the end of the year, the dividend is expected to grow each year at a rate of 3.9% indefinitely. Issuing the stock requires the services of an investment bank who will charge the company a flotation cost of 9%. What is the company's cost of external equity? Enter your answer as a decimal with a leading zero and 4 decimal places of precision (i.e. 0.1234) Save