Your company's stock sells for $36 per share, the next dividend (D1) will be $1.8, its growth rate is a constant 6 percent, and the company will incur a flotation cost of 13 percent if it sells new common stock. What is the firm's cost of new equity, re? O 11.75% O 12.75% 13.75% 14.75% 10.75% Billick Brothers is estimating its WACC. The company has collected the following information: Its capital structure consists of 18 percent debt and 82 percent common equity. The company has 13-year bonds outstanding with a 7.5 percent annual coupon that are trading at par. The company's tax rate is 30 percent. The risk-free rate is 4.9 percent. The market risk premium is 3.8 percent. The stock's beta is 0.7. What is the company's WACC? 7.14% 7.44% 7.74% 8.04% 8.34%