Question 8 5 pts A corporation's common stock is presently trading at $60 per share. The shares will pay an annual dividend in the coming year of $8 per share. Earnings and dividends are expected to grow at a 6% rate indefinitely into the future, New shares may be sold at the current market price, less a 30% flotation cost. The corporation's earnings are taxed at a 40% rate. What is this corporation's cost of new common stock funds to the nearest tenth of a percent? 26.2% O 13.3% 19.2% O 25.0% 0