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Question 56 points) A firm has just paid a dividend of $1.5 per share (Do = $1.5) and its common stock now sells for $25

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Question 56 points) A firm has just paid a dividend of $1.5 per share (Do = $1.5) and its common stock now sells for $25 per share. The firm's dividend growth rate is 10% every year. The firm plans to issue the new common stock and the percentage flotation cost required to sell the new common stock is 12%. What is the firm's cost of new common stock, ke? b 16% 17.5 16.6% 18%

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