Your company's stock sells for $47 per share, the last dividend (DO) was $3, its growth rate is a constant 3 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? 10.36% 10.46% 10.56% 10.16% 10.26% Question 10 1 pts Billick Brothers is estimating its WACC. The company has collected the following information: Its capital structure consists of 1 percent debt and 99 percent common equity. The company has 17-year bonds outstanding with a 8.2 percent annual coupon that are trading at $950. The company's tax rate is 39 percent. The risk-free rate is 4.3 percent. The market risk premium is 3.2 percent. The stock's beta is 1.7. What is the company's WACC? 10.60% 10.30% 9.50% 9.70% 10.00%