White Lion Homebuiders is considering investing in a one-year project that requires an initial investment of $500,000. To do so, it will have to issue new common stock and will incur a fotation cost of 2.00%. At the end of the year, the project is expected to produce a cash inflow of $595,000. The rate of retum that White Lion expects to earn on its project (net of its flotation costs) is (rounded to two decimal places). Alpha Moose Transporters has a current stock price of $22.35 per share, and is expected to pay a per-share dividend of $2.03 at the end of the year. The company's earnings' and dividends' growth rate are expected to grow at the constant rate of 5.20\% into the foreseeable future. If Alpha Moose expects to incur flotation costs of 3.750\% of the value of its newly-raised equity funds, then the fotation-adjusted (net) cost of its new common stock (rounded to two decimal places) should be White Lion Homebuilders Co.'s addition to earnings for this year is expected to be 5745,000 . Its target capital structure consists of 40% debt, 5% preferred, and 55% equity. Determine White Lion Homebuilders's retained earnings breakpoint: $1,286,818$1,490,000$1,862,500$1,354,545