What is the cost of new equity for Jericho Horse Barn, Inc.? Assume that the stock...

What is the cost of new equity for Jericho Horse Barn, Inc.? Assume that the stock has the following dividends, the stock sells for $110 with flotation costs of $5 per share, and Jericho Horse Barn expects to pay a dividend of $4.26 next year (rounded). YEARS DIVIDENDS 2019 $4.02 2018 $3.88 2017 $3.49 2016 $3.11 2015 $2.92

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