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UltraFlex Diving Boards, Inc. will pay its next dividend of $2.25. If the firm's dividends are expected grow 3% forever, what is the cost of

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UltraFlex Diving Boards, Inc. will pay its next dividend of $2.25. If the firm's dividends are expected grow 3% forever, what is the cost of equity capital for Ultra Flex Diving Boards if the price of its common shares is currently $18.50? Show your answer as a percentage and calculate to two decimal places Your

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