Question: I received an answer 12.94% and that answer was wrong Save Homework: Chapter 9 HW Score: 0 of 1 pt 12 of 21 (10 complete)

I received an answer 12.94%

and that answer was wrong

Save Homework: Chapter 9 HW Score: 0 of 1 pt 12 of 21 (10 complete) HW Score: 47.62%, 10 of 21 pts Problem 9-3 (similar to) Question Help (Cost of equity Brille Corporation is issuing new common stock at a market price of $33. Dividends last year were $1.45 and are expected to grow at an annual rate of 8 percent forever Flotation costs will be 11 percent of market price. What is Brille's cost of equity Brille's cost of external common equity is (Round to two decimal places)

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