Question: Now answer this question using the same dat Question 15 Spartan issues stock to pay for 60% of the project. Spartan's current dividend is $10

Now answer this question using the same dat

Question 15 Spartan issues stock to pay for 60% of the project. Spartan's current dividend is $10 (just paid) and it will grow at 4% per year. If investors are willing to pay $90 a share for the stock, what is the actual cost of equity for Spartan? 10.2667% @ 15.5556% @ 15.1111% ) 11.06667%

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