urses The dividend growth model is not applicable in estimating the cost of equity if: The firm pays out all its net income as its dividend. The firm pays an increasing dividend. The firm pays a constant dividend. The firm's has a negative dividend growth rate. O Has a retention ratio of 100 percent. 4 pts Question 9 Which of the following characteristics is the least likely a concern for a company when pickig a venture capitalist? Level of involvement O Contacts O Underwriting experience. Financial strength. Exit strategy