Business, 20.08.2019 19:30, fordenboer

Phillips enterprises inc. is expected to pay a dividend of $2.60 next year. dividends are expected to grow at a constant rate of 8% per year, and the stock price is currently $20.00. new stock can be sold at this price subject to flotation costs of 15%. the company's marginal tax rate is 35%. compute the cost of internal equity (retained earnings) and the cost of external equity (new common stock), respectively. a) 0, 21.00%b) 8.00%, 23.29%c) 21.00%, 23.29%d) 23.00%, 25.48%

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Phillips enterprises inc. is expected to pay a dividend of $2.60 next year. dividends are expected t...