LNA, a firm that grows at a constant rate of 5%, is trying to estimate its weighted average cost of capital. Blue Co. recently paid a P5 per share dividends to its outstanding ordinary shares. The...

LNA, a firm that grows at a constant rate of 5%, is trying to estimate its weighted average cost of capital. Blue Co. recently paid a P5 per share dividends to its outstanding ordinary shares. The ordinary share of the firm is currently trading at a price of P52.50. What is the cost of equity of the company that will be used for the purpose of determining the weighted average cost of capital?