PLEASE ONLY ANSWER USING EXCEL FORMULAS/CELLS - DO NOT GIVE NUMBERS AS THE ANSWER.

Calculating cost of equity- Excel Sign In FILE FORMULAS HOME INSERT PAGE LAYOUT DATA REVIEW VIEW 11 A A Calibri A Alignment Number Conditional Format as Cell Cells Paste Formatting Table Styles Styles Clipboard Font A1 The Absolute Zero Co. just issued a dividend of $3.40 per share on its common stock. The company is expected to maintain a constant 4.5 percent growth rate in its dividends indefinitely. If the stock sells for $53 a share, what is the company's cost of equity? 3.40 4.50% 53 Dividend per share$ Growth rate Stock price 10 Complete the following analysis. Do not hard code values in your calculations. 12 13 14 15 16 Cost of equity