Question 7 5 pts Weaver Brothers expects to earn $3.50 per share (E1), and has an expected dividend payout ratio of 60%. Its expected constant dividend growth rate is 7.0%, and its common stock currently sells for $30 per share. New stock can be sold to the public at the current price, but a flotation cost of 5% would be incurred. What would be the cost of equity from new common stock? Your answer should be between 10.15 and 16.90, rounded to 2 decimal places, with no special characters. Question 8 5 pts Sorensen Systems Inc. is expected to pay a dividend of $3.20 at year end (D1), the dividend is expected to grow at a constant rate of 5.50% a year, and the common stock currently sells for $37.50 a share. The before-tax cost of debt is 7.50%, and the tax rate is 40%. The target capital structure consists of 45% debt and 55% common equity. What is the company's WACC if all the equity used is from retained earnings? Your answer should be between 7.36 and 12.57 rounded to 2 decimal places, with no special characters