Question: eBook Problem 21-02 Sun Instruments expects to issue new stock at $36 a share with estimated flotation costs of 8 percent of the market price.

eBook Problem 21-02 Sun Instruments expects to issue new stock at

eBook Problem 21-02 Sun Instruments expects to issue new stock at $36 a share with estimated flotation costs of 8 percent of the market price. The company currently pays a $1.90 cash dividend and has a 7 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

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