Hatter Enterprise paid a dividend of $2 last year, its stock is selling at $45 per share, and a constant growth of 6% is expected. If Hatter's cost of new equity is 11.2%. Calculate the flotation costs associated with a new issue of common stock.

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The Answer of Hatter Enterprise paid a dividend of $2 last year, its stock is selling at $45 per share, and a constant growth of 6% is expected. If Hatter's cost of new equity is 11.2%. Calculate the flotation costs associated with a new issue of common stock.

Hatter Enterprise Paid a Dividend of $2 Last Year, Its