The firm has net income of 2 million sales of 15 million, Financial Management

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The firm has net income of 2 million sales of 15 million

The firm has net income of $2 million, Sales of $15 million, total assets of $14 million, common equity of $9 million, and common dividend of $1 million, and 1 million shares outstanding with a total market value of $23 million. What is the firm's cost of retained earnings?

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