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The Evanec Company's next expected dividend, D 1 , is $2.75; its growth rate is 5%; and its common stock now sells for $35.00. New
The Evanec Company's next expected dividend, D1, is $2.75; its growth rate is 5%; and its common stock now sells for $35.00. New stock (external equity) can be sold to net $29.75 per share.
What is Evanec's cost of retained earnings, rs? Do not round intermediate calculations. Round your answer to two decimal places.
rs = %
What is Evanec's percentage flotation cost, F? Round your answer to two decimal places.
F = %
What is Evanec's cost of new common stock, re? Do not round intermediate calculations. Round your answer to two decimal places.
re = %
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