Bouchard company's stock sells for $21 per share, its last dividend (d0) was $1.00, and its growth rate is a constant 8 percent. what is its cost of common stock, rs? express your answer in percentage (without the % sign) and round it to two decimal places.

You are considering the purchase of one of two machines used in your manufacturing plant. machine 1 has a life of two years, costs $20,000 initially, and then $4,000 per year in maintenance costs. machine 2 costs $25,000 initially, has a life of three years, and requires $3,500 in annual maintenance costs. either machine must be replaced at the end of its life with an equivalent machine. using eac which is the better machine for the firm