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Question 1 2 pts Uber plans to sell shares of common stock to raise capital funds. They estimate that each share of common stock will

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Question 1 2 pts Uber plans to sell shares of common stock to raise capital funds. They estimate that each share of common stock will sell for $113, but their investment bank will charge a 5% fee. The face value is $113 per share. Uber also plans to pay a dividend each year of 9% while maintaining an annual growth rate of 6% to keep their shareholders happy. What is Uber's cost of capital of this common stock (effective yearly percentage rate)? (Note: round your answer to two decimal places, and do not include spaces, percentage signs, plus or minus signs, nor commas. If your answer is 15%, write 15, not 0.15)

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