QUESTION 30 All In Corporation's common shareholders expect to receive $1.635 per share dividend next year based on the fact that they received $1.50 last year and they expect dividend to grow 9% next year. Furthermore, analysts predict that dividends will continue to grow at a rate of 10% into the foreseeable future. If All in were to issue common stock at $37.50 a share, the firm would incur a $4.50 per share cost to sell the new shares. What is the cost of the new common stock issue? 11.9796 13.95% 12.9196 14.8696