Question: Please answer both questions or I will thumbs down, thanks! HighGrowth Company has a stock price of $23. The firm will pay a dividend next


Please answer both questions or I will thumbs down, thanks!
HighGrowth Company has a stock price of $23. The firm will pay a dividend next year of $0.82, and its dividend is expected to grow at a rate of 4.3% per year thereafter. What is your estimate of HighGrowth's cost of equity capital? The required return (cost of capital) of levered equity is \%. (Round to one decimal place.) RiverRocks (whose WACC is 11.9% ) is considering an acquisition of Raft Adventures (whose WACC is 14.3% ). The purchase will cost $101.9 million and will generate cash flows that start at $14.8 million in one year and then grow at 4.1% per year forever. What is the NPV of the acquisition? The net present value of the project is G million. (Round to two decimal places.)
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