Question: Problem 10.07 (Cost of Common Equity with and without Flotation) Question 6 of 8 Check My Work (3 remaining) eBook The Evanec Company's next expected

Problem 10.07 (Cost of Common Equity with and without Flotation) Question 6 of 8 Check My Work (3 remaining) eBook The Evanec Company's next expected dividend, D., is $2.91; its growth rate is 7%; and its common stock now sells for $31.00. New stock (external equity) can be sold to net $27.90 per share. a. What is Evanec's cost of retained earnings, rs? Do not round Intermediate calculations. Round your answer to two decimal places % b. What is Evanec's percentage flotation cost, F? Round your answer to two decimal places. F % c. What is Evanec's cost of new common stock, re? Do not round intermediate calculations, Round your answer to two decimal places Check My Work (3 remaining)

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