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Your firm is issuing new equity for a project's funding. The common stock will be priced at $185 per share, and it will pay a

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Your firm is issuing new equity for a project's funding. The common stock will be priced at $185 per share, and it will pay a $1.50 dividend per share. Dividends are expected to grow by 12% indefinitely. Goldman Sachs will charge the firm a 14% flotation fee to prepare the stock issuance. What is the cost of issuing new common stock

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