Weaver Chocolate Co. expects to earn $3.50 per share during the current year, its expected Dividend Payout ratio is 65.0%, its expected constant Dividend growth rate is 6.0%, and its Common Stock currently sells for $32.50 per share. New Stock can be sold to the public at the current Price, but a Flotation cost, F, of 5.0% would be incurred. What would be the cost of Equity for the new Common Stock
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