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will give thumbs up for correct answer with work Mobil Appliance Company's earnings, dividends, and stock price are expected to grow at an annual rate

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Mobil Appliance Company's earnings, dividends, and stock price are expected to grow at an annual rate of 12%. Mobil's common stock is currently traded at $16.05 per share. Mobil's last cash dividend was $1.00 and its expected cash dividend for the end of this year is $1.12. Determine the cost of retained earnings (kr). Answer in decimal form (e.g. if kr=15.3%, enter 0.153 ). Mobil Appliance Company's common stock is currently traded at $19.03 per share. Mobil's last cash dividend was $1.00. Suppose that Mobil wants to raise capital to finance a new project by issuing new common stock. With the new project, the cash dividend is expected to be $1.10 at the end of the current year, and its growth rate is 10%. As noted above the stock now sells for $19.03 per share, but new common stock can be sold to net Mobil $15.97 per share. What is Mobil's flotation cost? Answer in decimal form (e.g. if flotation cost =15.3%, enter 0.153 )

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