Question $7(1$ point$)$

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The Evanec Company's next expected dividend is $$5\mathrm{.}70$; its growth rate is $8\mathrm{.}70\%$; and its common stock now sells for $$87\mathrm{.}00.$ New stock can be sold to net $$77\mathrm{.}00$ per share.

a$.$ What is Evanec's cost of retained earnings?

b$.$ What is Evanec's percentage flotation cost?

c$.$ What is Evanec's cost of new common stock?

a$)15\mathrm{.}25\%$; b$)11\mathrm{.}49\%$; c$)16\mathrm{.}10\%$

a$)15\mathrm{.}82\%$; b$)11\mathrm{.}49\%$; c$)16\mathrm{.}75\%$

a$)16\mathrm{.}10\%$; b$)11\mathrm{.}49\%$; c$)15\mathrm{.}25\%$

a$)16\mathrm{.}10\%$; b$)12\mathrm{.}99\%$; c$)15\mathrm{.}25\%$

a$)15\mathrm{.}25\%$; b$)12\mathrm{.}99\%$; c$)16\mathrm{.}10\%$