Reingaart Systems is expected to pay a $3.4 dividend at year end (D1 =$3.4 ), the dividend is expected to grow at a constant rate of 5.8% a year, and the common stock currently sells for $65 a share. The before-tax cost of debt is 7.8%, and the tax rate is 29\%. The target capital structure consists of 56% debt and 44% common equity. What is the company's WACC if all equity is from retained earnings? 7.35% 8.25% 7.65% 7.95% 8.55% Your company's stock sells for $45 per share, the last dividend (DO) was $2.8, its growth rate is a constant 4 percent, and the company will incur a flotation cost of 13 percent if it sells new common stock. What is the firm's cost of new equity, re? 10.44% 11,44% 10.94% 9.94% 9.44%