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What is the cost of equity for Fat Rat Laboratories, Inc.? Assume that the stock has the following dividends, the stock sells for $70 with

What is the cost of equity for Fat Rat Laboratories, Inc.? Assume that the stock has the following dividends, the stock sells for $70 with flotation costs of $6.6 per share, and Fat Rat expects to pay a dividend of $2.88 next year (rounded). YEARS DIVIDENDS 2014 $2.78 2013 $2.70 2012 $2.49 2011 $2.25

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