What is evanec cost of new common equity-re

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The Evanec Company's next expected dividend is $3.82; its growth rate is 5.01%; its common stock now sells for $35.67. There is a 7.99% investment banking fees associated with issuing new stocks, called Flotation Cost, for every share the company sells. What is Evanec's cost of new common equity, re?

Note: your answer should be in the XX.XX% format, with the XX.XX part put into the answer box and the "%" put into the unit box.

Reference no: EM131883734

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