Problem 13.29 (Solution Video) You know that the return of Cullumber Cyclicals common shares is 1.5 times as sensitive to macroeconomic information as the return of the market. If the risk-free rate of return is 2.50 percent and market risk premium is 5.71 percent, what is Cullumber Cyclicals' cost of common equity capital? (Round intermediate calculation to 5 decimal places, e.g. 1.25140 and final answer to 2 decimal places, e.g. 15.25%.) Cost of common equity capital Problem 13.08 Sunland Luxury Liners has preferred shares outstanding that pay an annual dividend equal to $23 per year. If the current price of Sunland preferred shares is $100.00, what is the after-tax cost of preferred stock for Sunland? After-tax cost of preferred stock Problem 13.05 Sandhill Tire Co. just paid an annual dividend of $1.20 on its common shares. If Sandhill is expected to increase its annual dividend by 4.10 percent per year into the foreseeable future and the current price of Sandhill's common shares is $11.18, what is the cost of common stock for Sandhill? (Round intermediate calculations to 4 decimal places, e.g. 0.1555 and final answer to 2 decimal places, e.g. 15.25%.) Cost of common stock