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Question 4 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 4 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 $72.00 per share, and it paid a dividend of $8.00 for the year just ended. The dividend has been growing at a 4.5% annual rate. The coupon rate on corporate bonds is 9%. The company's Return on Assets is 13%. The yield on the company's long-term debt is 8%, and the income tax rate is 21%. Estimate the cost of common equity capital. O 10.5% O 16.1% O 13.0% O 15.6%

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