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The company is expected to pay a year-end dividend of $1.7 per share., which is expected to grow at a constant rate of 6%, and

The company is expected to pay a year-end dividend of $1.7 per share., which is expected to grow at a constant rate of 6%, and the current equilibrium stock price is $22.5, New stock can be sold to the public at the current price, but floatation cost of 15% would bae incurred. What would be the equity from new common stock be?

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