What is falons cost of common equity capital the companys, Financial Management

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What is falons cost of common equity capital the companys

Falon Corporation is issuing new common stock at a market price of $28.49. Dividends last year were $1.31 and are expected to grow at an annual rate of 6.6 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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