Problem 13.20 a1-a2 (Part Level Submission) (Solution Video) Crane Inc.'s common shares currently sell for $42 each. The firm's management believes that its shares should really sell for $56 each. The firm just paid an annual dividend of $2 per share and management expects those dividends to increase by 5 percent per year forever (and this is common knowledge to the market). (a1) What the current cost common equity for the firm? (Round final answer to 2 decimal places, e.g. 15.25%.) The current cost of common equity for the firm Open Show Work Click if you would like to Show Work for this question: Attempts: 0 of used SAVE FOR LATER SUBMIT ANSWER (a2) The parts of this question must be completed in order. This part will be available when you complete the part above