Sunny Day Manufacturing Company has a current stock price of $33.35 per share, and is expected to pay a per-share dividend of 52.45 at the end of the year. The company's earnings' and dividends' growth rate are expected to grow at the constant rate of 5.20% into the foreseeable future. If Sunny Day expects to incur flotation costs of 3.750% of the value of its newly-raised equity funds, then the flotation-adjusted (net) cost of its new common stock (rounded to two decimal places) should be 12.8395 Alpha Moose Transporters Co.'s addition to earnir 12.83\% Year is expected to be $745,000. Ifs target capital structure consists of 50% debt, 5% preferred, and 45\% equ $1,903,689 12,060,445 11,738,334 $1,655,556