Your friend is retiring and wants a cash stream. Grant's Developing Firm has paid dividends over the years, and is expected to pay $2.96 in dividends next year. In the past it's dividend has grown 2.9% each year for the last 5 years. Your opportunity cost is 10.6%. What should you pay in dollars for a share of Grant's Developing Firm? Post your answer to the penny. Question 2 Telejack is trying to estimate their cost of capital. Their Preferred stock costs 8.6%. their After tax cost of debt is 5.6%, their Cost of equity is 10.0% and if they issue new stock it will cost 12.7%. Telejack wants 40% debt, 10% preferred and 50% from retained earnings in the capital structure. What is their WACC? Post your answer as a \% with 2 decimal places. Question 3 A preferred stock will pay a dividend of $2.58 annually. The rate of return you require for the stock is 12.5% What is the price of the prefoct Post your answer to the penny. $99.99 for example