What is falons cost of common equity, Financial Management

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What is falons cost of common equity

(Cost of common equity) Falon Corporation is issuing new common stock at a market price of $27.55. Dividends last year were $1.21 and are expected to grow at an annual rate of 7.2 percent forever. What is Falon's cost of common equity capital?

The company's cost of common equity is %. (Round to two decimal places.)

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