What is evanec percentage flotation cost

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1. Hook Industries' capital structure consists solely of debt and common equity. It can issue debt at rd=11%, and its common stock currently pays a $2.08 dividend per share. The stock's price is currently $24.85, its dividend is expected to grow at a constant rate of 7% per year, its tax rate is 35%, and its WACC is 13.95%. What percentage of the company's capital structure consists of debt?

2. Unsaved The Evanec Company's common stock now sells for $36.60. After flotation cost (all expenses associated with selling new shares, including fees charged by investment banks), the company can net $32.22 per share. What is Evanec's percentage flotation cost, F?

Reference no: EM132014445

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