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(Solved): MetalMax Inc. has paid annual dividends of $0.65, $0.70, $0.73, and $0.75 per share over the last f ...



MetalMax Inc. has paid annual dividends of $0.65, $0.70, $0.73, and $0.75 per share over the last four years, respectively. The stock is currently selling for $26 a share. Assuming that the dividend growth rate continues at its recent average, what is this firm's estimated cost of equity? (round answer to whole number with two decimal points: i.e., use 1.23 percent instead of 0.0123)



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