Question: Problem 2 1 - 0 2 eBook Problem 2 1 - 0 2 Sun Instruments expects to issue new stock at $ 4 0 a

Problem 21-02
eBook
Problem 21-02
Sun Instruments expects to issue new stock at $40 a share with estimated flotation costs of 7 percent of the market price. The company currently pays a $1.50 cash dividend and has a 6 percent growth rate. What are the costs of retained earnings and new common stock? Round your answers to two decimal places.
Costs of retained earnings: %
Cost of new common stock: %
Problem 21-02 eBook Problem 21-02 Sun Instruments expects to issue new

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