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Set your calculator to 3 or more decimal places. Your company's most recent balance sheet is provided below. The common stock sells for $128.00 per

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Set your calculator to 3 or more decimal places. Your company's most recent balance sheet is provided below. The common stock sells for $128.00 per share, and it paid a dividend of $11.00 for the year just ended. The dividend has been growing at a 4.5% annual rate. The coupon rate on corporate bonds is 8%. The company's Return on Assets is 13%. The yield on the company's long-term debt is 9%, and the income tax rate is 21%. Estimate the cost of common equity capital. O 13.0% O 13.5% O 16.1% O 13.1%

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