Wooten Co. has a current stock price of $22.35 and is expected to pay a dividend of $2.45 at the end of next year. The company's growth rate is expected to remain constant at 9.4%. If flotation costs represent 6.0% of funds raised, what is the flotation-adjusted cost of new common stock? 17.9% 21.1% 16.9% 20.4% Wooten Co.'s addition to earnings for this year is expected to be $420,000. Its target capital structure consists of 50% debt, 5% preferred, and 45% equity. Determine Wooten's retained earnings breakpoint: $1, 120,000 $840,000 $933, 333 $980,000