(Solved by Humans)-Adventure Outfitter Corp. Can sell common stock for $27 per share
Question
Adventure Outfitter Corp. Can sell common stock for $27 per share and its investors required a 17% return. However, the administrative or flotation costs associated with selling the stock amount to $2.70 per share. ?What is the cost of capital for Adventure Outfitter if the corporation raises money by selling common stock
A. 27.00
B. 18.89
C. 18.33
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