Question: 5 d yes to come Appearent co co code operator wa dipisis) Expected cash dividends are $4.00, the dividend yield is 7%, flotation costs are

5 d yes to come Appearent co co code operator wa dipisis) Expected cash dividends are $4.00, the dividend yield is 7%, flotation costs are 7% of price, and the growth rate is 4%. Compute the approximate cost of new common stock. (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Multiple Choice 11 28% 13.63% 12.53% 11539

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