Answer question below see picture. May need to use google sheets or excel to answer. Please show work.

B C D E F G H K 13.8 Cost of common stock: Seerex Wok Co. is expected to pay a dividend of $1.10 one year from today on its common shares. That dividend is expected to increase by 5 percent every year thereafter. If the price of Seerex is $13.75, what is Seerex's cost of common equity? Expected dividend (D,) $1.10 Growth rate 5% Current stock price $13.75 10 Cost of common equity 13.3 13.7 13.8 13.20 13.21 13.25 +