QUESTION 6 Manchester Inc is expected to pay an annual dividend of $2.50 a share next year. The market price of the stock is $24.09 and the growth rate is 2.6 percent. What is the cost of equity? O 13.25% O 7.83% O 12.98% O 9.77% QUESTION 7 Sweet Inc. common stock is currently priced at $46 a share. The company just paid $2.50 per share as its annual dividend. The dividends have been increasing by 2.2 percent annually and are expected to continue doing the same. What is the cost of equity? O 7.63% O 9.51% O 7.75% 09.00%