Question: Question 18 1 pts Orr Industries will pay a dividend of $0.96 per share at the end of this year. It is expected that this

Question 18 1 pts Orr Industries will pay a dividend of

Question 18 1 pts Orr Industries will pay a dividend of $0.96 per share at the end of this year. It is expected that this dividend will grow by 3% per year each year in the future. The current price of Orr's stock is $12,00 per share. What is One's equity cost of capital in percent? Round to 2 decimal places. ie. 1.00 for 1.00%

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