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THE FOLLOWING INFORMATION RELATES TO QUESTIONS 16, 17, AND 18 ONLY three years, after which the growth will fall to 3% per annum and stay

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THE FOLLOWING INFORMATION RELATES TO QUESTIONS 16, 17, AND 18 ONLY three years, after which the growth will fall to 3% per annum and stay at this rate forever. The following information is also available QUESTION 16 Given the above data, Crane Sporting's cost of equity is closest to: A. 8% B. 15% C. 18.25% D. 25% E. None of the above

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