The following financial information is available on Rawls Manufacturing Company: 
Rawls can issue new common stock to net the company $44 per share. Determine the cost of retained earnings using the dividend growth model approach. (Compute answer to the nearest .1%) .
A) 12.3%
B) 13.4%
C) 13.0%
D) 12.7%
Correct Answer:
Verified
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