Web- angus bulls for sale ok new vision ultra Sth wheel-G... v vision uitra- rvs- by ow E connect Survey of Finance Spring 2018 FIN301 FINANCE ost of Capital HWK CH 11 Question 2 (of 8) value: 1.50 points Suppose Powers Ltd. just issued a dividend of $1.20 per share on its common stock. The company paid dividends of $.85, $.92, $.99, and $1.09 per share in the last four years. Required: If the stock currently sells for $53, what is your best estimate of the company's cost of equity capital using arithmetic and geometric growth rates? (Do not round intermediate calculations. Enter your answers as a percentage rounded to 2 declmal places (e.g32.16).) Cost of equity Arithmetic dividend growth rate Geometric dividend growth rate ReferenceseBook & Resources Worksheet Learning Objective: 12-01 Determine a firms cost of equity capital. Difficulty: 1 Basic Section: 12.2 The Cost of Equity 28