Question 13 10 pts A firm wishes to issue new shares of its stock, which already trades in the market. The current stock price is $42, the most recent dividend was $2 per share, and the dividend is expected to grow at a rate of 4% forever. Flotation costs for this issue are expected to be 6%. What is the required rate of return (or financing cost) in this new issue? Note: when flotation costs are given as a percentage instead of in dollar terms, the denominator in the formula changes from (P-F) to P*(1-F). Enter your answer as a percentage, rounded to two decimals. So, if your answer is 0.123456, enter 12.34. Question 14 10 pts You are evaluating a project with the following expected cash flows: an initial investment of $13 million, followed by cash flows of $5, $11 and $18 million in years 1, 2 and 3, respectively. If the company's WACC is 17%, what is this projects NPV? Enter your answer in millions of dollars, with no decimals. Question 15 10 pts You are evaluating a project with an initial investment of $7.6 million, and equal expected cash flows of $5.6 million per year for years 1 to 5. What is this projects simple payback? The corporate WACC is 17%. Enter your answer in years, rounded to 1 decimal. For example, if your answer is 2.7654, just enter 2.8