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The Evanec Company's next expected dividend, D1, is $3.88; its growth rate is 5%; and its common stock now sells for $37.00. New stock (external
The Evanec Company's next expected dividend, D1, is $3.88; its growth rate is 5%; and its common stock now sells for $37.00. New stock (external equity) can be sold to net $33.30 per share. a. What is Evanec's cost of retained earnings, rs ? Do not round intermediate calculations. Round your answer to two decimal places. rs=% b. 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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