(Cost of internal equity?) Pathos? Co.'s common stock is currently selling for ?$29.62. Dividends paid last year were ?$1.00. Flotation costs on issuing stock will be 11 percent of market price. The dividends and earnings per share are projected to have an annual growth rate of 9 percent. What is the cost of internal common equity for? Pathos?
The cost of internal common equity for Pathos is %.(Round to two decimal? places.)