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Question 3 2 pts Set your calculator to 3 or more decimal places. Your company's most recent balance sheet is provided below. The common stock

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Question 3 2 pts Set your calculator to 3 or more decimal places. Your company's most recent balance sheet is provided below. The common stock sells for $128.00 per share, and it paid a dividend of $11.00 for the year just ended. The dividend has been growing at a 4.5% annual rate. The coupon rate on corporate bonds is 8%. The company's Return on Assets is 13%. The yield on the company's long- term debt is 9%, and the income tax rate is 21%. Estimate the cost of long-term debt capital. O 8.5% O 6.32% O 3.56% 07.11%

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