Problem 22 You have until 12:01 PM to complete this assignment. Intro Pfizer is expected to pay an annual dividend of $1.85 one year from now. Dividends are expected to grow by 2% every year and the current stock price is $232.9. The company is in the process of issuing new common stock, with flotation costs of $1.2 per share. Attempt 1/1 for 10 pts. Part 1 What is the cost of new common stock? 4+ decimals Submit Type here to search o RE . HII FI F2 F3 F4 F5 F6 F7 07