Refer to Byton Copporation information shown in the table below. What is the component cost of the equity raised by selling new common stock? Byron Corporation Byron Corporation's present capital structure, which is also its target capital structure, is 40 percent debt and 60 percent common equity. Next year's net income is projected to be $20,500, and Byron's payout ratio is 30 percent. The company's eamings and dividends are growing at a constant rate of 6 percent; the last dividend (DO) was $2.00; and the current equilibrium stock price is $22.15. Byron can raise all the debt financing it needs at 13.0 percent. If Byron issues new common stock, a 13 percent flotation cost will be incurred. The firm's marginal tax rate is 35 percent. 17.05 165% 16.8% 16700 1564 persent which penpect shosid be purchased? Propect Q inoudd tee accopted, because its net prosent vakie (NFP) s higher than Progect Ris NPV Fionte of the sbove is a correct