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The Evanec Company's next expected dividend, D1, is $2.76; its growth rate is 6%; and its common stock now sells for $38.00. New stock (external
The Evanec Company's next expected dividend, D1, is $2.76; its growth rate is 6%; and its common stock now sells for $38.00. New stock (external equity) can be sold o net $34.20 per share. a. What is Evanec's cost of retained earnings, rs ? Do not round intermediate calculations. Round your answer to two decimal places. r5=% 6. What is Evanec's percentage flotation cost, F? Round your answer to two decimal places. F=% c. 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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