QUESTION 16 A stock is selling at $ 121.07 and the firm announced the next dividend (D1) at $ 1.67. Assume that the constant growth rate is 0 %. What would be the cost of equity raised by selling new stocks?_ _ % (to two decimal places). QUESTION 17 Marshall-Miller & Company is considering the purchase of a new machine for $61,864, installed. The machine has a tax life of 5 years (MACRS), and it can be depreciated according to the depreciation rates below. The firm expects to operate the machine for 4 years and then to sell it for $17,826. If the marginal tax rate is 21%, what will the after-tax salvage value be when the machine is sold at the end of Year 4? Year Depreciation Rate 0.20 0.32 0.19 0.12 0.11