Question 15 (1 point) Use the dividend growth model to determine the required rate of return for equity. Your firm Intends to issue additional common stock. Your investment bankers have determined that the stock should be offered at a price of $45.00 per share and that you should anticipate constant dividend growth of 3.50%. Your firm just paid a dividend of $1.50 to all stockholders prior to the new issue. If the investment banking firm will take 7.00% per share as flotation costs, what is the required rate of return for this issue of new common stock? There is not enough information to answer this question 7.08% 7.21% 07.19%