White Uon Homebulders has a current stock price of $22.35 per share, and is expected to pay a per-share dividend of $1.36 at the end of next year. The company's earmings' and dividends' growth rate are expected to grow at the constant rate of 8.70% into the foreseeable future. If white Lion expects to incur flotation costs of 6.50% of the value of its newly-raised equity funds, then the flotation-adjusted (net) cost of its new common stock (rounded to two decimal places) should be 1217% 12.1 12.93% 15.21% 14.79% Sunny Day capital structure consists of 3swom "preferred, and 60% equity. Determine sumy Day Man facturing Company's retained earnings breakpoint: Manufacturing Cor dition to earnings for this year is expected to be $857,000. Its target o $1,428,333 O $1,356,916 o $1,285,500 O $2.448,571