Toombes, Inc. is issuing common stock at a market price of $55. Dividends last year were $3.30 per share and are expected to grow at a rate of 6.0% Flotation costs will be 5.0% of the market price. What is Toombes' cost of common stock? D1- Flotations NP- knes-1 Britney Corporation's common stock is currently selling for $750. Last year's dividend was $55.00 per share. Investors expect dividends to grow at an annual rate of 9.0% indefinitely Flotation costs of 40% of the selling price will be incurred. What is the cost of common stock? DEL Flotation NP- knes