7. Problem 10.04 (Cost of Equity with and without Flotation) Jarelt A Sons's commen stock Currently trades at $26.00 a share. It is expected to pay an annus dividend of $1.50 a share at the end of the year (0,=51.50), and the constant prowth rote is 8% e year. a. What is the company/s cost of common equaty if all of its equity comes from retsined eamings? Do not round intermediste calculations. Round your ankwer to two decimal places. b. If the company issued new stock, it would incur a 12% flotation cost. What would be the cost of equity from new stockf Do not round intermediate caiculations. round your answer to two decimal places. 7. Problem 10.04 (Cost of Equity with and without Flotation) Jarelt A Sons's commen stock Currently trades at $26.00 a share. It is expected to pay an annus dividend of $1.50 a share at the end of the year (0,=51.50), and the constant prowth rote is 8% e year. a. What is the company/s cost of common equaty if all of its equity comes from retsined eamings? Do not round intermediste calculations. Round your ankwer to two decimal places. b. If the company issued new stock, it would incur a 12% flotation cost. What would be the cost of equity from new stockf Do not round intermediate caiculations. round your answer to two decimal places