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Answer this please. you do not need the drop down. the answers are 12.58 or...

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Finance

imageAnswer this please. you do not need the drop down. the answers are 12.58 or 15.72 or 13.36 or 15.49

Sunny Day Manufacturing Company has a current stock price of $22.35 per share, and is expected to pay a per-share dividend of $1.36 at the end of next year. The company's earnings and dividends' growth rate are expected to grow at the constant rate of 9.40% into the foreseeable future. If Sunny Day expects to incur flotation costs of 3.750% of the value of its newly-raised equity funds, then the flotation-adjusted (net) cost of its new common stock (rounded to two decimal places) should be

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