. Tony Company's common stock dividends have grown over the past 6-year period from $0.60 per share to $1.25 (today). Assume that Tony's dividends are expected to grow at this rate for the foreseeable future. Tony's stock currently selling for $20 per share. New common stock can be sold to net company $18 per share. Determine the costs of internal and external equity to Tony Company's.

1.25=.60(1+g)^5

.6+.60g^5?

1.25/20+g

=?

****My problem is the working backward in the order of operation in this equation to figure out how to find g while it is in the power to the fifth. I'm not sure either if my work is 100% correct but I think it is***HELP!

all of my work is stated it is not yours it is mine. I am simply asking for help on how to work through what I've got so far which is the final stage of a multi step problem i don't get how tutoring works in any other way? I've been sent back for revisement multiple times now when i am literally doing my own work. Just want help with an explanation.

show me how to work (1+g) to the fifth power and I can do the rest.