Question
The Evanec Company's next expected dividend, D1, is $2.78; 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 $2.78; its growth rate is 6%; and its common stock now sells for $38.00. New stock (external equity) can be sold to net $36.10 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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