Question: Problem 21-02 Sun Instruments expects to issue new stock at $39 a share with estimated flotation costs of 5 percent of the market price. The

Problem 21-02 Sun Instruments expects to issue new stock at $39 a share with estimated flotation costs of 5 percent of the market price. The company currently pays a $2.00 cash dividend and has a 5 percent growth rate. What are the costs of retained earnings and new common stock Round your answers to two decimal places. Couts of retained earnings Cost of new common stock

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