Question 25 4 pts 22. Woodside Company's stock sells for $50 per share, its next dividend will be $2.00, its growth rate is a constant 4 percent, and the company would incur a flotation cost of 5 percent if it sold new common stock. What is the component cost of common equity built into the WACC, if the company does not raise equity capital by selling shares to the public? (Omit % sign and answer with 2 decimal places, X.XX percent)