The Evanec Company's next expected dividend, D1, is $2.64; its growth rate is 6%; and its common stock now sells for $40. New stock (external equity) can be sold to net $36.00 per share.
What is Evanec's cost of retained earnings, rs? Round your answer to two decimal places. Do not round your intermediate calculations.
rs = %
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, re? Round your answer to two decimal places. Do not round your intermediate calculations.
re = %