The stock of Alpha Tool sells for $18.30 per share. Its current dividend rate, D0, is $2 per share. Analysts and investors expect Alpha to increase its dividends at a 10 percent rate for each of the next 2 years. This annual dividend growth rate is expected to decline to 6 percent for years 3 and 4 and then to settle down to 4 percent per year forever. Calculate the cost of internal equity for Alpha Tool. UseTable IIfor your calculations. Round your answer to the nearest whole number.

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HOW DO I SUBMIT THE TABLE?

NO I DO NOT PLAN TO SUBMIT THE TUTORS WORK AS MY OWN. I NEED HELP IN UNDERSTANDING THIS PROBLEM. YOU SAID I NEEDED TO SUBMIT TABLE II. I WOULD NOT BE SENDING TO YOU IF I UNDERSTOOD HOW TO COMPLETE THE PROBLEM.