Question: eBook Problem 2 1 - 0 2 Sun Instruments expects to issue new stock at $ 3 8 a share with estimated flotation costs of

eBook
Problem 21-02
Sun Instruments expects to issue new stock at $38 a share with estimated flotation costs of 5 percent of the market price. The company a currently 8 percent growth rate. What are the costs of retained earnings and new common stock? Round your answers to two decimal places.
Costs of retained earnings: %
Cost of new common stock: %
eBook Problem 21-02 Sun Instruments expects to issue new stock at

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