Apollinaire Corporation's common stock was sold for \\( \\$ 48.25 \\) per share with a flotation cost equal to \5 of the issue price. The stock paid dividends of \\( \\$ 1.25 \\) per share yesterday and the dividends are expected to grow at a constant rate of \10 per year. Using the constant-growth model, calculate the firm's cost of external equity. \13.00 B. \13.40 C. \13.60 D. \13.95 E. \14.15 
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