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Sandhill Wok Co. is expected to pay a dividend of $1.40 one year from today on its common shares. That dividend is expected to increase

Sandhill Wok Co. is expected to pay a dividend of $1.40 one year from today on its common shares. That dividend is expected to increase by 5.00 percent every year thereafter. If the price of Sandhill common stock is $10.00, what is the cost of its common equity capital?

Cost of common equity __________%

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