Question: The Evanec Company's next expected dividend, D 1 , is $2.85; its growth rate is 6%; and its common stock now sells for $30.00. New

The Evanec Company's next expected dividend, D₁, is $2.85; its growth rate is 6%; and its common stock now sells for $30.00. New stock (external equity) can be sold to net $24.00 per share.

What is Evanec's cost of retained earnings, r_s? Do not round intermediate calculations. Round your answer to two decimal places.

r_s = %

What is Evanec's percentage flotation cost, F? Round your answer to two decimal places.

F = %

What is Evanec's cost of new common stock, r_e? Do not round intermediate calculations. Round your answer to two decimal places.

r_e = %

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