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Scylace plc has ordinary shares with a nominal value of 1 each listed on the London Stock Exchange. The market price of 1 Scylace ordinary

Scylace plc has ordinary shares with a nominal value of 1 each listed on the London Stock Exchange.

The market price of 1 Scylace ordinary shares is 570p

Over the last year, Scylace has paid a dividend of 24.00p per share.

The directors are expecting the company to pay dividends of 24.75 per share over the next year and expect dividends to grow at a constant percentage rate for the foreseeable future.

Scylace plc has ordinary shares with a nominal value of 1 each listed on the London Stock Exchange.

The market price of 1 Scylace ordinary shares is 570p

Over the last year, Scylace has paid a dividend of 24.00p per share.

The directors are expecting the company to pay dividends of 24.75 per share over the next year and expect dividends to grow at a constant percentage rate for the foreseeable future.

Calculate the cost of equity capital for Scylace plc.

Additional note: Scylace plc has total assets of 312 million, including 14 million in cash, with total liabilities of 98 million

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