The firms common stock is currently selling for $90 per share. The firm expects to pay cash dividends $7 per share next year. The firms dividend have been growing at an annual rate of 6%, and this growth is expected to continue into the future. The stock must be underpriced by $7 per share, and flotation costs are expected to amount to $5 per share. Calculate the cost of new common stock. 13.66% 11.22% 16.58% 14.97% Given a 10-year, 8 percent coupon rate, $1,000 par value bond selling at $1,150. What is the approximate before-tax cost of debts 6.04 percent 8.33 percent 8.82 percent 9 percent