Show your work on the Exam worksheet and enter your final answer below. Given: Debt rate for this firm Tax rate Preferred Dividend Price Preferred Stock Common Dividends at tt Price of Common Stock Growth rate of dividends Flotation costs = 7% = 33% = $6.00 = $49.00 = $5.00 = $33.00 = 4% = 5% of price Calculate the cost of external common equity (expressed as a percentage with one decimale xx x%)