Problem 6) (10 points) As the assistant to the CFO of Johnstone Inc., you must estimate its cost of common equity using DCF approach. Using the following information calculate the cost of common equity of the firm. Firm has no preferred stock. (Assume all data is obtained from the most recent financial statements.) Market price of Net stock (Po) income Total assets Total liabilities Total dividend Number of common stocks outstanding $150 $20,000 $100,000 $45,000 $15,000 10,000