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The Evanec Company's next expected dividend, D., is $2.94; its growth rate is 7%; and its common stock now sells for $36. New stock (external

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The Evanec Company's next expected dividend, D., is $2.94; its growth rate is 7%; and its common stock now sells for $36. New stock (external equity) can sold to net $30.60 per share. a. What is Evanec's cost of retained earnings, is? Round your answer to two decimal places. Do not round your intermediate calculations. 7.82 Is % b. What is Evanec's percentage flotation cost, F? Round your answer to two decimal places. 5.4 %

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