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The Evanec Company's next expected dividend, D1, is $2.84; its growth rate is 7%; and its common stock now sells for $32. New stock (external
The Evanec Company's next expected dividend, D1, is $2.84; its growth rate is 7%; and its common stock now sells for $32. New stock (external equity) can be sold to net $25.60 per share.
What is Evanec's cost of retained earnings, rs? 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? Round your answer to two decimal places.
re = _____%
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