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the questions as you will not be able to request a second attempt ease select the correct answer choice. Question 18 4 pts Gentex Corporation paid a dividend yesterday of $4 per share. The dividend is expected to grow at a constant rate of 6.0% per year. The price of Gentex Corporation's stock today is $24.00 per share. If Gentex Corporation decides to issue new common stock, flotation costs will equal $2.40 per share. Gentex Corporation's marginal tax rate is 35%. Based on the above information, the cost of newly issued common stock is 25.63% 28.48% 24.12% 27.57%
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