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The expected dividend is $1.50 for a share of common stock priced at $15. What is the cost of internal common equity if the long-term growth in dividends is projected to be 4 percent indefinitely?
i) 6.0 percentii) 8.0 percentiii) 12.0 percentiv) 14.0 percent
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Western Wood Product has 2 production sections: cutting and assembly. The company has been using a single predetermined cost driver rate based on plantwide direct labor hours.
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