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Question 6 - Cost of New Common Equity [2 points]: Analysts of the ICM Corporation have indicated that the company is expected to grow at a 5 percent rate for as long as it is in business. Currently, ICM's stock is selling for $100 per share. The most recent dividend paid by the company as $5 per share (i... Question 6 - Cost of New Common Equity 12 points: Analysts of the ICM Corporation have indicated that the company is expected to grow atas pereentriate for as long as it is in business, Currently, ICM'. stock is selling for $100 per share. The most recent dividend paid by the company was $5 per sbare (i... Do - $5). If ICM issues new common stock, it will ineur flotation costs equal to 7 percent. ICM's marginal tax rate is 40 percent. What is it cost of new equity