Section One Spy Gear's next expected dividend is $$3\mathrm{.}18$; its growth rate is $6\%$ and the stock now sells for $$36.$ New stock can be sold to net the firm $$32\mathrm{.}50$ per share. What is Section One's cost of new eommon stock?

$1pts$

$$36.$ New stock can be sold to net the firm $$32\mathrm{.}50$ per share. What is Section One's cost of new common

$9\mathrm{.}78\%$

$14,83\%$

$15\mathrm{.}36\%$

$15\mathrm{.}78\%$

$16\mathrm{.}37\%$